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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James A; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … entrepreneurs (thus greater inequality) increases entrepreneurial e¤ort and hence a country’s contribution to the world technology … “cutthroat”capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …

Persistent link: https://www.econbiz.de/10011083861

Why did the West Extend the Franchise? Democracy, Inequality and Growth in Historical Perspective

Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1998

curve in many Western economies during this period, with the fall in inequality following redistribution due to …

Persistent link: https://www.econbiz.de/10005791338

A Theory of Political Transitions

Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 1999

redistributive than a nondemocratic regime, and this gives the elite an incentive to mount a coup. Because inequality makes democracy … relationship between inequality and redistribution is nonmonotonic; societies with intermediate levels of inequality consolidate …

Persistent link: https://www.econbiz.de/10005661707

Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1996

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United …

Persistent link: https://www.econbiz.de/10005789067

Efficient Wage Dispersion

Acemoglu, Daron; Shimer, Robert - C.E.P.R. Discussion Papers - 1997

In market economies identical workers appear to receive very different wages, violating the ‘law of one price’ of Walrasian markets. It is argued in this paper that in the absence of a Walrasian auctioneer to coordinate trade: (i) wage dispersion among identical workers is very often an...

Persistent link: https://www.econbiz.de/10005124074

Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1997

college premium during the 1970s and the large increase in inequality during the 1980s. The paper also derives implications of … directed technical change for residual wage inequality and shows that calculations of the impact of international trade on … inequality that ignore the change in the direction of technical progress may be misleading. …

Persistent link: https://www.econbiz.de/10005504709

The Structure of Wages and Investment in General Training

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1998

In the standard model of human capital with perfect labor markets, workers pay for general training. When labor market frictions compress the structure of wages, firms may invest in the general skills of their employees. The reason is that the distortion in the wage structure turns...

Persistent link: https://www.econbiz.de/10005656301

Search in the Labour Market, Incomplete Contracts and Growth

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1994

This paper shows that search in the labour market has important effects on accumulation decisions. In a labour market characterized by search, employment contracts are naturally incomplete and this creates a wedge between the rates of return and marginal products of both human and physical...

Persistent link: https://www.econbiz.de/10005661582

Minimum Wages and On-the-Job Training

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1999

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. We show that when the assumption of perfectly competitive labour markets underlying this...

Persistent link: https://www.econbiz.de/10005661835

Good Jobs versus Bad Jobs: Theory and Some Evidence

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1997

This paper offers a model of the interaction between composition of jobs and labour market regulation. Ex-post rent-sharing due to search frictions implies that ‘good’ jobs which have higher creation costs must pay higher wages. This wage differential distorts the composition of jobs, and in...

Persistent link: https://www.econbiz.de/10005662323