Similar Search Results

Learning from Ricardo and Thompson : Machinery and Labor in the Early Industrial Revolution, and in the Age of AI

Acemoglu, Daron; Johnson, Simon - National Bureau of Economic Research - 2024

that raise the marginal productivity of labor and/or when there is sufficient additional hiring in complementary sectors …

Persistent link: https://www.econbiz.de/10014544695

When Protectionism Kills Talent

Canayaz, Mehmet I.; Erel, Isil; Gurun, Umit G. - National Bureau of Economic Research - 2024

We examine the repercussions of protectionist policies implemented in the United States since 2018 on the composition of workforce and career choices within the semiconductor industry. We find that the shift towards protectionism, aimed at reviving domestic manufacturing and employment,...

Persistent link: https://www.econbiz.de/10014544744

Does Occupational Licensing Reduce Job Loss During Recessions?

Blair, Peter Q.; Chung, Bobby W. - National Bureau of Economic Research - 2024

Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric--making unlicensed workers an illegal substitute for licensed workers but not the reverse. We test our hypothesis using a difference-in-differences event study research design...

Persistent link: https://www.econbiz.de/10014544764

Measuring and Predicting "New Work" in the United States : The Role of Local Factors and Global Shocks

Kim, Gueyon; Merritt, Cassandra; Peri, Giovanni - National Bureau of Economic Research - 2024

The evolution of work is of emerging importance to advanced economies' growth. In this study, we develop a new semantic-distance-based algorithm to identify "new work," namely the new types of jobs introduced in the US. We characterize how "new work" relates to task content of jobs and skill...

Persistent link: https://www.econbiz.de/10014544803

Distorted Innovation : Does the Market Get the Direction of Technology Right?

Acemoglu, Daron - National Bureau of Economic Research - 2023

In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...

Persistent link: https://www.econbiz.de/10014226119

Language Models and Cognitive Automation for Economic Research

Korinek, Anton - National Bureau of Economic Research - 2023

Large language models (LLMs) such as ChatGPT have the potential to revolutionize research in economics and other disciplines. I describe 25 use cases along six domains in which LLMs are starting to become useful as both research assistants and tutors: ideation, writing, background research, data...

Persistent link: https://www.econbiz.de/10014226154

Minimum Wages and Poverty : New Evidence from Dynamic Difference-in-Differences Estimates

Burkhauser, Richard V.; McNichols, Drew; Sabia, Joseph J. - National Bureau of Economic Research - 2023

Advocates of minimum wage increases have long touted their potential to reduce poverty. This study assesses this claim. Using data spanning nearly four decades from the March Current Population Survey, and a dynamic difference-in-differences approach, we find that a 10 percent increase in the...

Persistent link: https://www.econbiz.de/10014250199

Automation and Polarization

Acemoglu, Daron; Loebbing, Jonas - National Bureau of Economic Research - 2022

capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of …

Persistent link: https://www.econbiz.de/10013388884

Inefficient Automation

Beraja, Martin; Zorzi, Nathan - National Bureau of Economic Research - 2022

How should the government respond to automation? We study this question in a heterogeneous agent model that takes worker displacement seriously. We recognize that displaced workers face two frictions in practice: reallocation is slow and borrowing is limited. We first show that these frictions...

Persistent link: https://www.econbiz.de/10013334373

Minimum Wages and Labor Markets in the Twin Cities

Karabarbounis, Loukas; Lise, Jeremy; Nath, Anusha - National Bureau of Economic Research - 2022

Using merged administrative datasets from Minnesota, we bring new evidence on the labor market effects of large minimum … an establishment elasticity of labor demand of -1 and illustrate how they can inform deeper parameters characterizing … product and labor market competition, factor substitution, and establishment dynamics …

Persistent link: https://www.econbiz.de/10013334456