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The Complementary between Technology and Human Capital in the Early Phase of Industrialization

Raphael Franck () and Oded Galor ()

No 2015-3, Working Papers from Brown University, Department of Economics

Abstract: The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional variations in the adoption of steam engines across France, the study establishes that in contrast to conventional wisdom that views early industrialization as a predominantly deskilling process, the industrial revolution was conducive for human capital formation, generating broad increases in literacy rates and education attainment.

Keywords: Capital-Skill Complementarity; Economic Growth; Industrialization; Human Capital; Steam Engine. (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-gro, nep-his and nep-hrm
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