How Long to Read Technological Progress, Income Distribution, and Unemployment

How Long Does it Take to Read Technological Progress, Income Distribution, and Unemployment?

It takes the average reader 1 hour and 30 minutes to read Technological Progress, Income Distribution, and Unemployment by Hideyuki Adachi

Assuming a reading speed of 250 words per minute. Learn more

Description

This volume develops original methods of analyzing biased technological progress in the theory and empirics of economic growth and income distribution. Motivated by sharp increases in wage and income inequalities in the world since the beginning of the new century, many macroeconomists have begun to realize the importance of biased technological changes. However, the comprehensive explanations have not yet appeared. This volume analyzes the effects of factor-biased technological progress on growth and income distribution and shows that long-run trends of the capital-income ratio and capital share of income consistent with Piketty’s 2014 empirical results emerge. Incorporating the modified version of induced innovation theory into the standard neoclassical growth model, it also explains the long-run fluctuations of growth and income distribution consistent with the data shown in Piketty. Introducing a wage-setting function, the neoclassical growth model is modified to account for unemployment as well as to examine the dynamics of unemployment and the labor share of income under biased technological progress. Applying a new econometric method to Japanese industrial data, the authors test the key assumptions employed and important results derived in the theoretical part of this book.

How long is Technological Progress, Income Distribution, and Unemployment?

Technological Progress, Income Distribution, and Unemployment by Hideyuki Adachi is 90 pages long, and a total of 22,500 words.

This makes it 30% the length of the average book. It also has 27% more words than the average book.

How Long Does it Take to Read Technological Progress, Income Distribution, and Unemployment Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 2 minutes to read Technological Progress, Income Distribution, and Unemployment aloud.

What Reading Level is Technological Progress, Income Distribution, and Unemployment?

Technological Progress, Income Distribution, and Unemployment is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Technological Progress, Income Distribution, and Unemployment?

Technological Progress, Income Distribution, and Unemployment by Hideyuki Adachi is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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