Innovation and Income Inequality
Cristiano Antonelli () and
Agnieszka Gehringer ()
Department of Economics and Statistics Cognetti de Martiis. Working Papers from University of Turin
The paper articulates and tests the hypothesis that innovation is a major factor in the reduction of income inequalities. The relationship between the pace of technological change and the dynamics of income inequalities has been first suggested by Kuznets (1955), but found little elaboration and empirical investigation in the subsequent literature. The evidence of a large data set including advanced countries, such as the US, Canada and the members of the European Union, as well as the newly industrializing BRIC members, in the years 1995-2011, confirms the virtuous circle between technological change and income inequalities.
Pages: 24 pages
New Economics Papers: this item is included in nep-hme, nep-ino and nep-knm
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Working Paper: Innovation and Income Inequality (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:uto:dipeco:201324
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