Autor según el artículo: Osorio, Antonio; Pinto, Alberto;

Departamento: Economia

Autor/es de la URV: Osório da Costa, António Miguel

Palabras clave: Wages Competition

Resumen: Recent years witnessed an increase in income inequality. Several explanations have been put forward. In the present paper, we consider a series of technologically related events that have been crucial for the increased income inequality, that is, public R&D incentives, increasing horizontal integration and spillover effects. We found that public R&D incentives and the increasing horizontal integration have biased the income distribution towards the top income group. In particular, the high-skilled workers involved in the R&D process have benefited enormously from this process. Similarly, capital owners have seen an increase in their profits, because of the reduction in product market competition and technological improvements in the production process. We found the effect of knowledge spillovers to be less clear-cut. We conclude discussing the implications of our results and suggesting possible solutions to the increasing income inequality. We call for the creation of supranational institutions, and for stricter legislation on competition and antitrust policy.

Áreas temáticas: Sociology and political science Matemática / probabilidade e estatística Finance Economics and econometrics Economics Economia Ciencias sociales Administração, ciências contábeis e turismo

Acceso a la licencia de uso: https://creativecommons.org/licenses/by/3.0/es/

Direcció de correo del autor: antonio.osoriodacosta@urv.cat

Identificador del autor: 0000-0003-3376-0164

Fecha de alta del registro: 2023-02-19

Versión del articulo depositado: info:eu-repo/semantics/publishedVersion

Enlace a la fuente original: https://onlinelibrary.wiley.com/doi/full/10.1111/jpet.12466

URL Documento de licencia: http://repositori.urv.cat/ca/proteccio-de-dades/

Referencia al articulo segun fuente origial: Journal Of Public Economic Theory. 22 (6): 1943-1964

Referencia de l'ítem segons les normes APA: Osorio, Antonio; Pinto, Alberto; (2020). Income inequality and technological progress: The effect of R&D incentives, integration, and spillovers. Journal Of Public Economic Theory, 22(6), 1943-1964. DOI: 10.1111/jpet.12466

DOI del artículo: 10.1111/jpet.12466

Entidad: Universitat Rovira i Virgili

Año de publicación de la revista: 2020

Tipo de publicación: Journal Publications