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Minimum Wages and On-the-Job Training
Acemoglu, Daron; Pischke, Jörn-Steffen - Centre for Economic Performance, LSE - 2002
Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...
Persistent link: https://www.econbiz.de/10005016812
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The environment and directed technical change
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - 2010
dirty innovation and production; (ii) optimal policy involves both 'carbon taxes' and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …
Persistent link: https://www.econbiz.de/10010272399
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Radical and incremental innovation : the roles of firms, managers, and innovators
Acemoglu, Daron; Akcigit, Ufuk; Çelik, Murat Alp - In: American economic journal 14 (2022) 3, pp. 199-249
Persistent link: https://www.econbiz.de/10013334882
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Innovation, Reallocation and Growth
Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - Centre for Economic Performance, LSE - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010655943