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In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality among workers in the labor market. A key focus is on the rise of U.S. wage inequality over the past 30 years. However, we also pay attention to how Europe did not experience...
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This paper uses farm panel data from Indonesia to examine dynamic patterns of land use, capital investments, and wages … in agriculture. The empirical analysis shows that an increase in real wages has induced the substitution of labor by … real wages increase. Machines and land are complementary if the scale of operation is greater than a threshold size. In …
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This paper uses farm panel data from China to examine the dynamics of land transactions, machine investments, and the demand for machine services. Recently, China's agriculture has experienced a large expansion of machine rentals and machine services provided by specialized agents, which has...
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