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small body of innovators gain relative to others, innovation may lead to inequality. The evidence on this point is … fragmented, based on cross-sectional evidence on skill premia rather than overall levels of inequality. This paper provides the … first comparative evidence on the link between innovation and inequality in a continental perspective. Using micro data from …
Persistent link: https://www.econbiz.de/10011083831
This paper analyses the impact of inequality on growth when technical progress is driven by innovations. It is assumed … that consumers have hierarchic preferences. As a result inequality affects demand and therefore the incentive to innovate …. Whether more inequality is harmful or beneficial for growth depends on the initial distribution. Complementarities between a …
Persistent link: https://www.econbiz.de/10005667010
This paper studies the impact of income inequality on the level of innovative activity in a model where innovations …
Persistent link: https://www.econbiz.de/10005656323