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Equalizing Superstars: The Internet and the Democratization of Education

Acemoglu, Daron; Laibson, David; list, john - National Bureau of Economic Research (NBER) - 2014

Internet-based educational resources are proliferating rapidly. One concern associated with these (potentially transformative) technological changes is that they will be disequalizing - as many technologies of the last several decades have been - creating superstar teachers and a winner-take-all...

Persistent link: https://www.econbiz.de/10010951360

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

Childhood Sporting Activities and Adult Labour-Market Outcomes

Cabane, Charlotte; Clark, Andrew E. - Centre for Economic Performance, LSE - 2013

We here ask whether sports participation at school is positively correlated with adult labour-market outcomes. There are many potential channels for this effect, although, as usual, identifying a causal relationship is difficult. We appeal to two widely-separated waves of Add Health data to map...

Persistent link: https://www.econbiz.de/10010722842

Why Do Firms Train? Theory and Evidence

Acemoglu, Daron; Pischke, Jorn-Steffen - National Bureau of Economic Research (NBER) - 1996

This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The crucial ingredient in our model is that the current employer has superior information about the worker's ability relative to other firms. This informational advantage gives the...

Persistent link: https://www.econbiz.de/10005828819

The Structure of Wages and Investment in General Training

Acemoglu, Daron; Pischke, Jorn-Steffen - National Bureau of Economic Research (NBER) - 1998

In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure" turn technologically' general skills into specific'...

Persistent link: https://www.econbiz.de/10005829349

Minimum Wages and On-the-job Training

Acemoglu, Daron; Pischke, Jorn-Steffen - National Bureau of Economic Research (NBER) - 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 labor markets underlying this...

Persistent link: https://www.econbiz.de/10005829980

Beyond Becker: Training in Imperfect Labor Markets

Acemoglu, Daron; Pischke, Jorn-Steffen - National Bureau of Economic Research (NBER) - 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/10005579948

Skills, Tasks and Technologies: Implications for Employment and Earnings

Acemoglu, Daron; Autor, David - National Bureau of Economic Research (NBER) - 2010

A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the evolution of earnings inequality is what we refer to as the canonical model, which elegantly and powerfully operationalizes the supply and demand for skills by assuming two...

Persistent link: https://www.econbiz.de/10008614632

Innovation in Business Groups

Belenzon, Sharon; Berkovitz, Tomer - Centre for Economic Performance, LSE - 2007

Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …

Persistent link: https://www.econbiz.de/10005151051

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