The Third Industrial Revolution: Technology, Productivity, and Income Inequality
American Enterprise Institute, 1997 - 33 lappuses
The author explores periods of rapid technological change for coincidences of widening inequality and slowing productivity growth.
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30 percent 90 percent diffusion American Enterprise Institute antebellum antebellum period average Chairman and CEO complementary computers CONSUMER NONDURABLES David decline demand for skill DeMuth President diesel DIESEL LOCOMOTIVES DIFFUSION CURVE Director Distinguished Fellow dramatic ductivity efficiency Electric motor horsepower Equipment prices equipment relative error bands show fell Gort group-drive system growth rate Hercowitz Information Age information technologies innovations investment-specific technological change James Q John Jovanovic Juhn Krusell labor productivity learning curve learning effects left scale locomotive machine manufacturing Marvin H Mokyr nologies number of firms Olin operating output percent diffusion level percentile plotted in figure President and CEO productiv Productivity is measured Professor of Economics Resident Fellow Residentscholar right scale rise Scholarin Senior Fellow skill premium skilled labor Source stock of equipment tech techno technological adoption technological progress Third Industrial Revolution tion Tunzelmann 1994 unskilled labor vacuum tubes visiting scholar WAGE INEQUALITY workers wrought iron Yorukoglu 1996
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Community Development: Journal of the Community Development Society
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