Showing 1 - 10 of 606
security. We describe a model economy in which demographics, technology, and social security are linked together. We study an … economy with two locations (sectors), the farm (agricultural) and the city (industrial). The decision to migrate from rural to …. Furthermore, the level of social security is determined by majority voting. We show that a calibrated version of this economy is …
Persistent link: https://www.econbiz.de/10012465802
shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non …
Persistent link: https://www.econbiz.de/10013388845
What drives change in a society's values? From Marx to modernization theory, scholars have identified a connection between structural transformation and social change. To understand how changes in a society's dominant mode of production affect its dominant values, we examine the case of the...
Persistent link: https://www.econbiz.de/10014372465
Industrialization experiences differ significantly across countries. We use a bench-mark model of structural change to … countries can generate variation in industrialization experiences similar to those found in the data, including premature …
Persistent link: https://www.econbiz.de/10012481434
Why did the country that borrowed the most industrialize first? Earlier research has viewed the explosion of debt in 18th century Britain as either detrimental, or as neutral for economic growth. In this paper, we argue instead that Britain's borrowing boom was beneficial. The massive issuance...
Persistent link: https://www.econbiz.de/10012457387
Why was the Industrial Revolution successful at generating sustained growth? Some have argued that there was a fundamental change in the way that new technology was developed during this period, but evidence for this argument remains largely anecdotal. This paper provides direct quantitative...
Persistent link: https://www.econbiz.de/10012938720
industrialization in the second half of the nineteenth century. We find that industries and regions more exposed to international trade … controlling for these factors, we find that greater exposure to globalization shaped the pattern of regional industrialization in …
Persistent link: https://www.econbiz.de/10012481264
This paper examines the future of remote work by drawing parallels between two contexts: The move from home to factory-based production during the Industrial Revolution and the shift to work from home today. Both are characterized by a similar trade-off: the potential productivity advantage of...
Persistent link: https://www.econbiz.de/10012482469
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1940 (Latin America, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial growth accelerated there over these seven critical...
Persistent link: https://www.econbiz.de/10012462312
During Britain's industrialization, Parliament operated a forum where rights to land and resources could be reorganized …
Persistent link: https://www.econbiz.de/10012462955