ECON 334 Lecture Notes - Lecture 15: Joel Mokyr, Gini Coefficient, Technological Change
Document Summary
Last lecture recap: kenneth pomeranz"s (cid:862)great di(cid:448)erge(cid:374)(cid:272)e(cid:863). Europe"s i(cid:374)dustrial re(cid:448)olutio(cid:374) (cid:449)ould ha(cid:448)e been jump-started by two key geographical advantages: coal and colonies: gregory clark. The level of innovation was determined by the selection pressures in the population. The lack of a reproductive advantage for the rich in asia made the technical change underpinning industrialization much slower. China was a single empire with a bureaucracy never questioned. It would seem natural to think that skilled labor reaped most of the benefits of industrialization: but we have already seen that the skill premium fell markedly after the industrial. Revolution: furthermore, industrial jobs filled by women paid more than agricultural female jobs, 68% of male wages, up from 43%, 2000 value: 80%, clark concludes that the benefits of industrialization accrued mostly to the poor. Tools for measuring inequality: comparing distributions of income directly is difficult.
