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http://ssrn.com/abstract=2227002
 
 

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Inequality and Innovativeness


Scott Page


University of Michigan - Center for the Study of Complex Systems

John Vandermeer


University of Michigan - Department of Ecology and Evolutionary Biology

March 1, 2013


Abstract:     
In this note, we construct two theoretical models that analyze the relationship between inequality of access and rates of innovation as well as correlative data that show a negative correlation between income inequality and levels of innovativeness. Our two models suggest that unequal access to problems slows innovation by reducing the level and variety of human capital applied to problems. More interestingly, both models show that the rate of innovation decline becomes much more pronounced as problems become more difficult. Thus, the costs of inequality may be increasing as the problems that societies face become more challenging.

Number of Pages in PDF File: 10

Keywords: Inequality, Innovation

JEL Classification: D83, D31

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Date posted: March 2, 2013  

Suggested Citation

Page, Scott and Vandermeer, John, Inequality and Innovativeness (March 1, 2013). Available at SSRN: http://ssrn.com/abstract=2227002 or http://dx.doi.org/10.2139/ssrn.2227002

Contact Information

Scott Page (Contact Author)
University of Michigan - Center for the Study of Complex Systems ( email )
317 West Hall
Ann Arbor, MI 48109
United States
John Vandermeer
University of Michigan - Department of Ecology and Evolutionary Biology ( email )
500 S. State Street
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