Falling real wages during an industrial revolution
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- dc.contributor.author Ciccone, Antonioca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:06Z
- dc.date.available 2017-07-26T10:50:06Z
- dc.date.issued 1996-10-01
- dc.date.modified 2017-07-23T02:02:50Z
- dc.description.abstract The Industrial Revolution was characterized by technological progress and an increasing capital intensity. Why did real wages stagnate or fall in the beginning? I answer this question by modeling the Industrial Revolution as the introduction of a relatively more capital intensive production method in a standard neoclassical framework. I show that {\sl real wages fall in the beginning of an industrial revolution if and only if technological progress in the relatively more capital intensive sector is relatively fast.}
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=195
- dc.identifier.uri http://hdl.handle.net/10230/1044
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 195
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword industrial revolution
- dc.subject.keyword technological change
- dc.subject.keyword capital intensive
- dc.subject.keyword production
- dc.subject.keyword neoclassical growth model
- dc.subject.keyword Macroeconomics and International Economics
- dc.title Falling real wages during an industrial revolutionca
- dc.type info:eu-repo/semantics/workingPaper