Bowen's cost disease

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs gptkb:Baumol's_cost_disease
cost disease
gptkbp:appliesTo education
healthcare
performing arts
gptkbp:contrastsWith sectors with high productivity growth
gptkbp:describes rising costs in labor-intensive sectors
gptkbp:explains why costs rise faster than productivity in some sectors
gptkbp:firstDescribed 1960s
https://www.w3.org/2000/01/rdf-schema#label Bowen's cost disease
gptkbp:namedAfter gptkb:William_J._Baumol
gptkb:William_G._Bowen
gptkbp:relatedTo gptkb:public_policy
wage growth
inflation in services
gptkbp:bfsParent gptkb:Howard_R._Bowen
gptkbp:bfsLayer 7