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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

Reward structures and the allocation of talent

Acemoglu, Daron - In: European economic review : EER 39 (1995) 1, pp. 17-33

Persistent link: https://www.econbiz.de/10001176489

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

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 Structure of Wages and Investment in General Training

Acemoglu, Daron - 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/10012472459

Low-Skill and High-Skill Automation

Acemoglu, Daron - 2017

We present a task-based model in which high- and low-skill workers compete against machines in the production of tasks. Low-skill (high-skill) automation corresponds to tasks performed by low-skill (high-skill) labor being taken over by capital. Automation displaces the type of labor it directly...

Persistent link: https://www.econbiz.de/10012453594

Offshoring and Directed Technical Change

Acemoglu, Daron - 2012

To study the short-run and long-run implications on wage inequality, we introduce directed technical change into a Ricardian model of offshoring. A unique final good is produced by combining a skilled and an unskilled product, each produced from a continuum of intermediates (tasks). Some of...

Persistent link: https://www.econbiz.de/10012460066

Credit market imperfections and persistent unemployment

Acemoglu, Daron - In: European economic review : EER 45 (2001) 4/6, pp. 665-679

Persistent link: https://www.econbiz.de/10001574550

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

How Large are the Social Returns to Education? Evidence from Compulsory Schooling Laws

Acemoglu, Daron - 1999

Average schooling in US states is highly correlated with state wage levels, even after controlling for the direct effect of schooling on individual wages. We use an instrumental variables strategy to determine whether this relationship is driven by social returns to education. The instrumentals...

Persistent link: https://www.econbiz.de/10012471339