The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional variations in the adoption of steam engines across France, the study establishes that in contrast to conventional wisdom that views early industrialization as a predominantly...

Recommended readings (Machine generated): A.B. Atkinson (1997), 'Bringing Income Distribution in from the Cold', Economic Journal, 107, March, 297-321 -- Oded Galor and Joseph Zeira (1993), 'Income Distribution and Macroeconomics', Review of Economic Studies, 60 (1), January, 35-52 -- Abhijit V....