TY  - JOUR
AU  - Jovanovic,Boyan
TI  - The Product Cycle and Inequality
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10910
PY  - 2004
Y2  - November 2004
UR  - http://www.nber.org/papers/w10910
L1  - http://www.nber.org/papers/w10910.pdf
N1  - Author contact info:
Boyan Jovanovic
New York University
Department of Economics
19 W. 4th Street, 6th Floor
New York, NY  10012
Tel: 212/998-8953
Fax: 212/995-4186
E-Mail: Boyan.Jovanovic@nyu.edu
AB  - 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.
ER  -