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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

The Rate and Direction of Inventive Activity Revisited

Acemoglu, Daron (contributor); … - 2012

While the importance of innovation to economic development is widely understood, the conditions conducive to it remain … relating to the economics of innovation and technological change while revisiting the findings of a classic book. Central to … public and private sectors affects innovation. Other essays examine the practice of open research and how the diffusion of …

Persistent link: https://www.econbiz.de/10014482604

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