Caselli, Francesco; Coleman II, Wilbur John - C.E.P.R. Discussion Papers - 1999
We present a joint study of the US structural transformation (the decline of agriculture as the dominating sector) and … attributable to the structural transformation: the nation-wide convergence of agricultural wages to non-agricultural wages, and the … progress in farming than outside of farming this model successfully matches the quantitative features of the U.S. structural …