Increasing returns to scale within limits: A model of ICT and its effect on the income distribution and occupation choice

A-Tier
Journal: Journal of Economic Theory
Year: 2020
Volume: 189
Issue: C

Authors (2)

Wang, Tianxi (University of Essex) Wright, Greg C. (not in RePEc)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A key feature of Information and Communication Technologies (ICT) is that they increase the size of the market – or the “scale of operation” – for workers in some occupations. We model the scale of operation as the limit up to which the production technology displays increasing returns to scale. We then explore the implications of this feature of ICT for the income distribution within affected occupations, as well as for individuals' occupational choices. Within occupations, an increase in the scale of operation intensifies competition between workers and increases inequality. It also drives the lowest-ability workers out of the occupation while reducing the earnings of the next lowest-ability workers when the substitutability between the output of the affected occupations and that of the rest of the economy is low.

Technical Details

RePEc Handle
repec:eee:jetheo:v:189:y:2020:i:c:s0022053120300983
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29