Interaktionen mellan teknologisk utveckling och humankapital: En studie av effekten på inkomstojämlikhet och sysselsättningsgrad
(2018) NEKH03 20181Department of Economics
- Abstract (Swedish)
- Since the birth of the industrial revolution, there has existed a fear of becoming redundant and unemployed due to technological development. However, this has not been the case, but the last decades have instead seen the surge of income inequality. This has been linked to the growing technology bias towards skilled workers. This paper studies if the interactive effect of technological development and human capital, in fact, increase income inequality and employment. The study uses data from all the 50 states in the US from 1974 to 2014. Two measurements of technological development is examined, total factor productivity, and patents. Furthermore, educational attainment of two groups is used as proxies for human capital, the aggregated... (More)
- Since the birth of the industrial revolution, there has existed a fear of becoming redundant and unemployed due to technological development. However, this has not been the case, but the last decades have instead seen the surge of income inequality. This has been linked to the growing technology bias towards skilled workers. This paper studies if the interactive effect of technological development and human capital, in fact, increase income inequality and employment. The study uses data from all the 50 states in the US from 1974 to 2014. Two measurements of technological development is examined, total factor productivity, and patents. Furthermore, educational attainment of two groups is used as proxies for human capital, the aggregated population, and the black population. This is done to give an insight to how the initial level of educational attainment affects the result. The study shows a positive relationship between the interaction of technology and human capital on income inequality when the long-term effect of education is taken into account. However, no clear relationship is observed by the interaction on the employment rate. Therefore further studies into this field are required. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8947466
- author
- Granath, Jakob LU and Andrén, Joel LU
- supervisor
- organization
- alternative title
- The interaction between technological development and human capital. A study of the effect on income inequality and employment rate
- course
- NEKH03 20181
- year
- 2018
- type
- M2 - Bachelor Degree
- subject
- keywords
- technological development, income inequality, human capital, employment rate
- language
- Swedish
- id
- 8947466
- date added to LUP
- 2018-07-05 11:23:25
- date last changed
- 2018-07-05 11:23:25
@misc{8947466, abstract = {{Since the birth of the industrial revolution, there has existed a fear of becoming redundant and unemployed due to technological development. However, this has not been the case, but the last decades have instead seen the surge of income inequality. This has been linked to the growing technology bias towards skilled workers. This paper studies if the interactive effect of technological development and human capital, in fact, increase income inequality and employment. The study uses data from all the 50 states in the US from 1974 to 2014. Two measurements of technological development is examined, total factor productivity, and patents. Furthermore, educational attainment of two groups is used as proxies for human capital, the aggregated population, and the black population. This is done to give an insight to how the initial level of educational attainment affects the result. The study shows a positive relationship between the interaction of technology and human capital on income inequality when the long-term effect of education is taken into account. However, no clear relationship is observed by the interaction on the employment rate. Therefore further studies into this field are required.}}, author = {{Granath, Jakob and Andrén, Joel}}, language = {{swe}}, note = {{Student Paper}}, title = {{Interaktionen mellan teknologisk utveckling och humankapital: En studie av effekten på inkomstojämlikhet och sysselsättningsgrad}}, year = {{2018}}, }