Innovation, human capital and earning distribution: towards a dynamic life-cycle approach

Vona, Francesco and Consoli, Davide (2009): Innovation, human capital and earning distribution: towards a dynamic life-cycle approach.

Abstract

Empirical anomalies in the dynamics of earnings following the emergence of new ICT technologies are not consistent with various re-elaborations of the human capital theory. The first part of the paper reviews critically this literature and highlights an important gap concerning the role of institutional infrastructures for the systematisation and diffusion of new knowledge. The dynamic life-cycle approach elaborated in the second part provides a coherent account of the evidence, and indicates interesting implications for innovation and educational policies.

• Item Type: MPRA Paper
• Language: English
• Keywords: Innovation; Human Capital; Earning Distribution
• Subjects: J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives

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