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Credit Market Imperfections and Persistent Unemployment

Acemoglu, Daron - 2000

This paper develops the thesis that credit market frictions may be an important contributor to high unemployment in … market imperfections, so unemployment rises and remains high for an extended period. The data show that there has not been … cause of the increase in European unemployment, they may have played some role in limiting European employment growth …

Persistent link: https://www.econbiz.de/10012470798

Import Competition and the Great U.S. Employment Sag of the 2000s

Acemoglu, Daron - 2014

Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing employment being a prime contributor to the slump. The U.S....

Persistent link: https://www.econbiz.de/10012458271

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

Acemoglu, Daron - 1998

unemployment rates for both groups. The paper provides some evidence that there has been a change in the composition of jobs in the …

Persistent link: https://www.econbiz.de/10012472153

Automation and Rent Dissipation : Implications for Wages, Inequality, and Productivity

Acemoglu, Daron; Restrepo, Pascual - National Bureau of Economic Research - 2024

This paper studies the effects of automation in economies with labor market distortions that generate worker rents--wages above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage losses from automation. It also reduces...

Persistent link: https://www.econbiz.de/10014576564

The Economics of Labor Coercion

Acemoglu, Daron - 2009

The majority of labor transactions throughout much of history and a significant fraction of such transactions in many developing countries today are "coercive", in the sense that force or the threat of force plays a central role in convincing workers to accept employment or its terms. We propose...

Persistent link: https://www.econbiz.de/10012463068

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

Beyond Becker : Training in Imperfect Labor Markets

Acemoglu, Daron; Pischke, Jörn-Steffen - 1998

In this paper, we survey non-competitive theories of training. With competitive labor markets, firms never pay for investments in general training, whereas when labor markets are imperfect, firm-sponsored training arises as an equilibrium phenomenon. We discuss a variety of evidence which...

Persistent link: https://www.econbiz.de/10012472074

Robots and Jobs : Evidence from US Labor Markets

Acemoglu, Daron - 2017

As robots and other computer-assisted technologies take over tasks previously performed by labor, there is increasing concern about the future of jobs and wages. We analyze the effect of the increase in industrial robot usage between 1990 and 2007 on US local labor markets. Using a model in...

Persistent link: https://www.econbiz.de/10012455396

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

The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide

Acemoglu, Daron - 2015

We document a change in the character and quality of Turkish economic growth with a turning point around 2007 and link this change to the reversal in the nature of economic institutions, which underwent a series of growth-enhancing reforms following Turkey's financial crisis in 2001, but then...

Persistent link: https://www.econbiz.de/10012457061