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Equalizing Superstars : The Internet and the Democratization of Education

Acemoglu, Daron - 2014

the marginal product and wages of lower-skill teachers …

Persistent link: https://www.econbiz.de/10013057833

Artificial Intelligence, Automation and Work

Acemoglu, Daron - 2018

We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and … in tasks that it used to perform. This displacement effect tends to reduce the demand for labor and wages. But it is … effects are incomplete. Even when they are strong, automation in- creases output per worker more than wages and reduce the …

Persistent link: https://www.econbiz.de/10012930347

Consequences of Employment Protection? the Case of the Americans with Disabilities Act

Acemoglu, Daron; Angrist, Joshua D. - 2021

The Americans With Disabilities Act (ADA) requires employers to accommodate disabled workers and outlaws discrimination against the disabled in hiring, firing, and pay. Although the ADA was meant to increase employment of the disabled, it also increases costs for employers. The net theoretical...

Persistent link: https://www.econbiz.de/10013237554

Chiefs : Elite Control of Civil Society and Economic Development in Sierra Leone

Acemoglu, Daron - 2013

The lowest level of government in sub-Saharan Africa is often a cadre of chiefs who raise taxes, control the judicial system and allocate the most important scarce resource - land. Chiefs, empowered by colonial indirect rule, are often accused of using their power despotically and inhibiting...

Persistent link: https://www.econbiz.de/10013088683

A Dynamic Theory of Resource Wars

Acemoglu, Daron - 2011

We develop a dynamic theory of resource wars and study the conditions under which such wars can be prevented. The … our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result …

Persistent link: https://www.econbiz.de/10013131444

Cascades in Networks and Aggregate Volatility

Acemoglu, Daron - 2010

We provide a general framework for the study of cascade effects created by interconnections between sectors, firms or financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of the supply network determine both whether...

Persistent link: https://www.econbiz.de/10013136361

Innovation by Entrants and Incumbents

Acemoglu, Daron - 2010

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 entry...

Persistent link: https://www.econbiz.de/10013137600

A Political Theory of Populism

Acemoglu, Daron - 2011

When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich elite, signals of true left-wing conviction are valuable. As a consequence, even a moderate politician seeking reelection chooses "populist' policies - i.e., policies to the left...

Persistent link: https://www.econbiz.de/10013121061

Why Do Voters Dismantle Checks and Balances?

Acemoglu, Daron - 2011

Voters often dismantle constitutional checks and balances on the executive. If such checks and balances limit presidential abuses of power and rents, why do voters support their removal? We argue that by reducing politician rents, checks and balances also make it cheaper to bribe or influence...

Persistent link: https://www.econbiz.de/10013121590

History, Expectations, and Leadership in the Evolution of Social Norms

Acemoglu, Daron - 2011

We study the evolution of the social norm of "cooperation" in a dynamic environment. Each agent lives for two periods and interacts with agents from the previous and next generations via a coordination game. Social norms emerge as patterns of behavior that are stable in part due to agents'...

Persistent link: https://www.econbiz.de/10013124659