The Complementary between Technology and Human Capital in the Early Phase of Industrialization
CESifo, Munich, 2015
CESifo Working Paper No. 5485
The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional variations in the adoption of steam engines across France, the study establishes that in contrast to conventional wisdom that views early industrialization as a predominantly deskilling process, the industrial revolution was conducive for human capital formation, generating broad increases in literacy rates and education attainment.
Fiscal Policy, Macroeconomics and Growth
Economics of Education