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In this paper we investigate the impact of technological change on inequalityin the presence of a landed elite using a standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset of the fertility transition, technological progress...
Persistent link: https://www.econbiz.de/10012204880
A core mechanism of unified growth theory is that accelerating technologicalprogress induces mass education and, in interaction with child quantity-quality substitution, a decline in fertility. Using unique new data for 21 OECD countries over theperiod 1750-2000, we test, for the first time, the...
Persistent link: https://www.econbiz.de/10012208891