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Baumol’s Cost Disease

Editor

Listed:
  • Ruth Towse

Abstract

Baumol’s Cost Disease is the inevitable escalation of the real costs that occur in labour-intensive industries like the arts, health care and education. The labour costs in these industries tend to increase at the same rate as other industries, but their scope for utilizing labour-saving technical progress is either small or non-existent.

Suggested Citation

  • Ruth Towse (ed.), 1997. "Baumol’s Cost Disease," Books, Edward Elgar Publishing, number 1185.
    • Handle: RePEc:elg:eebook:1185
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    File URL: http://www.e-elgar.com/shop/isbn/9781858985084
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    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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