O'Rourke, Kevin H.; Rahman, Ahmed S.; Taylor, Alan M. - Institute for International Integration Studies (IIIS), … - 2008
Technological change was unskilled-labor-biased during the early Industrial Revolution, but is skill-biased today. This is not embedded in extant unified growth models. We develop a model which can endogenously account for these facts, where factor bias reflects profit-maximizing decisions by...