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Robots and jobs : evidence from U.S. labor markets

Acemoglu, Daron; Restrepo, Pascual - 2017

tasks, we show that robots may reduce employment and wages, and that the local labor market effects of robots can be … estimated by regressing the change in employment and wages on the exposure to robots in each local labor market--defined from … the national penetration of robots into each industry and the local distribution of employment across industries. Using …

Persistent link: https://www.econbiz.de/10011689323

Networks and the macroeconomy : an empirical exploration

Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2015

The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission...

Persistent link: https://www.econbiz.de/10011491706

Does product market competition lead firms to decentralize?

Bloom, Nicholas; Sadun, Raffaella; Van Reenen, John - 2010

There is a widespread sense that over the last two decades firms have been decentralizing decisions to employees further down the managerial hierarchy. Economists have developed a range of theories to account for delegation, but there is less empirical evidence, especially across countries. This...

Persistent link: https://www.econbiz.de/10009506959

What does human capital do? : a review of Goldin and Katz’s The Race between Education and Technology

Acemoglu, Daron; Autor, David H. - 2012

Goldin and Katz's The Race between Education and Technology is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the 20th century. This essay reviews the...

Persistent link: https://www.econbiz.de/10009488819

The world our grandchildren will inherit : the rights revolution and beyond

Acemoglu, Daron - 2012

Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...

Persistent link: https://www.econbiz.de/10009540751