The Product Cycle and Inequality
New York University - Department of Economics
NBER Working Paper No. w10910
This paper models the product cycle and explains how it relates to world inequality. In the model, both phenomena arise because skilled people have a comparative advantage in making high-tech products. The model can explain up to a 10:1 income differential between people and up to a 7:1 differential between countries.
Number of Pages in PDF File: 21working papers series
Date posted: December 7, 2004
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