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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

Has Job Polarization Squeezed the Middle Class? Evidence from the Allocation of Talents

Boehm, Michael J. - Centre for Economic Performance, LSE - 2013

Over the last two decades, earnings in the United States increased at the top and at the bottom of the wage distribution but not in the middle - the intensely debated middle class squeeze. At the same time there was a substantial decline of employment in middle-skill production and clerical...

Persistent link: https://www.econbiz.de/10010652266

Competing engines of growth: Innovation and standardization

Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - In: Journal of Economic Theory 147 (2012) 2, pp. 570-601

We study a dynamic general equilibrium model where innovation takes the form of the introduction of new goods whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are …

Persistent link: https://www.econbiz.de/10010576552

Innovation Network

Acemoglu, Daron - 2016

linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …

Persistent link: https://www.econbiz.de/10012977470

Innovation by entrants and incumbents

Acemoglu, Daron; Cao, Dan - In: Journal of Economic Theory 157 (2015) C, pp. 255-294

We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more “radical” innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both...

Persistent link: https://www.econbiz.de/10011263575

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