We develop a model of growth driven by successive improvements in `General Purpose Technologies' (GPTs), such as the steam engine, electricity, or micro-electronics. Each new generation of GPTs prompts investments in complementary inputs and impacts the economy after enough such compatible...

We develop a model of growth driven by successive improvements in 'General Purpose Technologies' (GPT's), such as the steam engine, electricity, or micro-electronics. Each new generation of GPT's prompts investments in complementary inputs, and impacts the economy after enough such compatible...

Historical background -- I. The traditional approach: The rise of the college wage premium -- Early studies -- Trade versus technology -- Offshoring -- II. Broadening the canvas: Matching workers with jobs -- Regional disparity -- Firm characteristics -- Technology choice -- Residual inequality

Cover -- Title Page -- Copyright -- Dedication -- Contents -- Preface -- Introduction -- 1. Historical Background -- Part I. The Traditional Approach -- 2. The Rise of the College Wage Premium -- 3. Early Studies -- 4. Trade versus Technology -- 5. Offshoring -- Part II. Broadening the Canvas --...

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research sector or a manufacturing sector that produces differentiated goods. Each research project generates a new variety of the differentiated...

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research sector or a manufacturing sector that produces differentiated goods. Each research project generates a new variety of the differentiated...