Kobe University Social Science Research Series

Technological Progress, Income Distribution, and Unemployment

Theory and Empirics

Authors: Adachi, H., Inagaki, K., Nakamura, T., Osumi, Y.

Free Preview
  • Provides a thorough explanation of long-run trends of capital-income ratio and income distribution
  • Changes preconceived notions of biased technological changes such as factor-, sector-, and ability-biased ones
  • Clarifies the theory and empirics of the importance of technological progress in income distribution and unemployment
see more benefits

Buy this book

eBook $54.99
price for USA in USD (gross)
  • ISBN 978-981-13-3726-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $69.99
price for USA in USD
  • ISBN 978-981-13-3725-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This volume develops original methods of analyzing biased technological progress in the theory and empirics of economic growth and income distribution. Motivated by sharp increases in wage and income inequalities in the world since the beginning of the new century, many macroeconomists have begun to realize the importance of biased technological changes. However, the comprehensive explanations have not yet appeared. This volume analyzes the effects of factor-biased technological progress on growth and income distribution and shows that long-run trends of the capital-income ratio and capital share of income consistent with Piketty’s 2014 empirical results emerge. Incorporating the modified version of induced innovation theory into the standard neoclassical growth model, it also explains the long-run fluctuations of growth and income distribution consistent with the data shown in Piketty. Introducing a wage-setting function, the neoclassical growth model is modified to account for unemployment as well as to examine the dynamics of unemployment and the labor share of income under biased technological progress. Applying a new econometric method to Japanese industrial data, the authors test the key assumptions employed and important results derived in the theoretical part of this book.

Table of contents (5 chapters)

Table of contents (5 chapters)

Buy this book

eBook $54.99
price for USA in USD (gross)
  • ISBN 978-981-13-3726-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $69.99
price for USA in USD
  • ISBN 978-981-13-3725-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Technological Progress, Income Distribution, and Unemployment
Book Subtitle
Theory and Empirics
Authors
Series Title
Kobe University Social Science Research Series
Copyright
2019
Publisher
Springer Singapore
Copyright Holder
The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
eBook ISBN
978-981-13-3726-0
DOI
10.1007/978-981-13-3726-0
Softcover ISBN
978-981-13-3725-3
Series ISSN
2520-1697
Edition Number
1
Number of Pages
XI, 90
Number of Illustrations
23 b/w illustrations, 2 illustrations in colour
Topics