The Product Cycle and Inequality

Boyan Jovanovic ()

No 10910, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper models the product cycle and explains how it relates to world inequality. In the model, both phenomena arise because skilled people have a comparative advantage in making high-tech products. The model can explain up to a 10:1 income differential between people and up to a 7:1 differential between countries.

JEL-codes: F0 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge and nep-ltv
Date: 2004-11
Note: EFG PR
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Working Paper: The Product Cycle and Inequality (2005)
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