The Product Cycle and Inequality

21 Pages Posted: 7 Dec 2004 Last revised: 25 Apr 2021

See all articles by Boyan Jovanovic

Boyan Jovanovic

New York University - Department of Economics

Date Written: November 2004

Abstract

This paper models the product cycle and explains how it relates to world inequality. In the model, both phenomena arise because skilled people have a comparative advantage in making high-tech products. The model can explain up to a 10:1 income differential between people and up to a 7:1 differential between countries.

Suggested Citation

Jovanovic, Boyan, The Product Cycle and Inequality (November 2004). NBER Working Paper No. w10910, Available at SSRN: https://ssrn.com/abstract=622624

Boyan Jovanovic (Contact Author)

New York University - Department of Economics ( email )

19 w 4 st.
New York, NY 10012
United States

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