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Changes in the Wage Structure, Family Income, and Children's Education

Acemoglu, Daron - 2000

We exploit the changes in the distribution of family income to estimate the effect of parental resources on college … education. Our strategy exploits the fact that families at the bottom of the income distribution were much poorer in the 1990s … suggest large effects of family income on enrollments. For example, we find that a 10 percent increase in family income is …

Persistent link: https://www.econbiz.de/10012470752

Technical Change, Inequality, and the Labor Market

Acemoglu, Daron - 2000

This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skill-biased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an...

Persistent link: https://www.econbiz.de/10012470950

How Large are the Social Returns to Education? Evidence from Compulsory Schooling Laws

Acemoglu, Daron - 1999

Average schooling in US states is highly correlated with state wage levels, even after controlling for the direct effect of schooling on individual wages. We use an instrumental variables strategy to determine whether this relationship is driven by social returns to education. The instrumentals...

Persistent link: https://www.econbiz.de/10012471339

Patterns of Skill Premia

Acemoglu, Daron - 1999

In this paper, I develop a model to analyze how skill premia differ over time and across countries, and use this model to study the impact of international trade on wage inequality. Skill premia are determined by technology and the relative supply of skills. An increase in the relative supply of...

Persistent link: https://www.econbiz.de/10012471782

Cross-Country Inequality Trends

Acemoglu, Daron - 2002

The economics profession has made considerable progress in understanding the increase in wage inequality in the U.S. and the UK over the past several decades, but currently lacks a consensus on why inequality did not increase, or increased much less, in (continental) Europe over the same time...

Persistent link: https://www.econbiz.de/10012469883