Power-Biased Technological Change and the Rise in Earnings Inequality

Name: Work Video:
Duration: 3 min 30 s
Description: New information and communication technologies, we argue, have been ’powerbiased’: they have allowed …rms to monitor low-skill workers more closely, thus reducing the power of these workers. An e¢ ciency wage model shows that ’power-biased technical change’in this sense may generate rising wage inequality accompanied by � �
Frederick Guy; Peter Skøtt
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