We study how technological change affects between‐ and within‐education‐group inequality in the United States. We develop a model with heterogeneous workers and firms in which the demand for skills is characterized by firms' recruiting behavior. We use the model to quantify the relative...

Acknowledgments -- China's drive for innovation -- How chinese companies innovate -- What's different about Chinese innovation? -- How multinational companies innovate in China (with Dominique Jolly) -- How multinationals can organize for innovation in China -- Open innovation in China (with...

Foreword -- Preface -- 1. The conventional outlook -- part I. The problem -- 2. How did we get into this mess? How do we get out of it? An overview -- part II. Politics -- 3. Steering system -- 4. Cost of running a society -- 5. Concentration of capital, corporate governance, power -- 6....

Introduction and preliminaries -- Skilled and unskilled labor -- Natural and reproducible capital -- Capital and labor -- An endogenous technology framework -- Skilled labor, unskilled labor, and experience over time -- Skills and capital over time and across countries -- Conclusions