HUMAN CAPITAL, TECHNICAL CHANGE, AND THE WELFARE STATE

被引:6
|
作者
Benabou, Roland [1 ,2 ,3 ]
机构
[1] Princeton Univ, Princeton, NJ 08544 USA
[2] Inst Adv Study, Princeton, NJ USA
[3] NBER, Cambridge, MA 02138 USA
关键词
D O I
10.1162/154247603322391161
中图分类号
F [经济];
学科分类号
02 ;
摘要
I study the interactions between the distribution of human capital, technological choice, and redistributive institutions. I first ask what makes alternative social contracts such as a European-style "welfare state" and U.S.-style "laissez-faire" sustainable, and in particular how each is affected by skill-biased technical change. I then endogenize technological or organizational choice, and show that firms respond to greater human capital heterogeneity with more flexible technologies that further exacerbate wage equality. I then analyze the simultaneous determination of technology, income distribution, and redistributive institutions, and as well as spillovers between the social contracts of different countries. (JEL: D31, O33, J3, H10)
引用
收藏
页码:522 / 532
页数:11
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