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-- An endogenous technology framework -- Skilled labor, unskilled labor, and experience over time -- Skills and capital over …
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preferences is used to show that after some minimum level of average income relative to the price of the technology is achieved … diffusion of new technology, while a large middle class is conducive to technology diffusion. These effects are stronger for … positive effect of inequality on technology adoption. Chapter 2 introduces a model of creative destruction with non …
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