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Interaktionen mellan teknologisk utveckling och humankapital: En studie av effekten på inkomstojämlikhet och sysselsättningsgrad

Granath, Jakob LU and Andrén, Joel LU (2018) NEKH03 20181
Department 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)
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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
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},
  keyword      = {technological development,income inequality,human capital,employment rate},
  language     = {swe},
  note         = {Student Paper},
  title        = {Interaktionen mellan teknologisk utveckling och humankapital: En studie av effekten på inkomstojämlikhet och sysselsättningsgrad},
  year         = {2018},
}