WAGE INEQUALITY AND INNOVATIVE INTELLIGENCE- BIASED TECHNOLOGICAL CHANGE Cover Image
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WAGE INEQUALITY AND INNOVATIVE INTELLIGENCE- BIASED TECHNOLOGICAL CHANGE
WAGE INEQUALITY AND INNOVATIVE INTELLIGENCE- BIASED TECHNOLOGICAL CHANGE

Author(s): Taiji Harashima
Subject(s): Economy
Published by: ASERS Publishing
Keywords: wage inequality; innovative intelligence; technological change; total factor productivity; approximate effective production function

Summary/Abstract: In this paper, “innovative intelligence–biased technological change” (IIBTC) is examined as an alternative to the traditional concept of skill-biased technological change (SBTC) as a source of increases in wage inequality. The innovative intelligence of ordinary or average workers is an important element in productivity and can be heterogeneous across workers. Because technologies are heterogeneous in that they have different characteristics and are used in different situations, some technologies are “innovative intelligence-biased” and are advantageous for workers with relatively high innovative intelligence. If IIBTC prevails over a certain period of time, these workers become additionally advantaged and thereby wage inequality will increase during the period.

  • Issue Year: IX/2018
  • Issue No: 17
  • Page Range: 17-24
  • Page Count: 8
  • Language: English
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