Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/155785 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Hohenheim Discussion Papers in Business, Economics and Social Sciences No. 08-2017
Verlag: 
Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften, Stuttgart
Zusammenfassung: 
We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of labor: highskilled labor that is complementary to machines and low-skilled labor that is a substitute for machines. The model predicts that innovationdriven growth leads to increasing automation, an increasing skill premium, an increasing population share of graduates, increasing income and wealth inequality, a declining labor share, and (in an extension of the basic model) increasing unemployment. In contrast to Piketty's famous claim that faster economic growth reduces inequality, our theory predicts that faster economic growth promotes inequality.
Schlagwörter: 
Automation
R&D-Based Growth
Inequality
Wealth Concentration
JEL: 
E23
E25
O31
O33
O40
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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