Technology-Skill Complementarity in the Early Phase of Industrialization
64 Pages Posted: 7 Mar 2016
The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional variations in the adoption of steam engines across France, the study establishes that, in contrast to conventional wisdom that views early industrialization as a predominantly deskilling process, the industrial revolution was conducive for human capital formation, generating broad increases in literacy rates and educational attainment.
Keywords: technology-skill complementarity, economic growth, industrialization, human capital, steam engine
JEL Classification: N33, N34, O14, O33
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