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Equalizing Superstars : The Internet and the Democratization of Education

Acemoglu, Daron - 2014

Educational resources distributed via the Internet are rapidly proliferating. One prominent concern associated with these potentially transformative developments is that, as many of the leading technologies of the last several decades have been, these new sweeping technological changes will be...

Persistent link: https://www.econbiz.de/10013060418

The race between machine and man : implications of technology for growth, factor shares and employment

Acemoglu, Daron; Restrepo, Pascual - 2016

We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and...

Persistent link: https://www.econbiz.de/10011573063

Low-skill and high-skill automation

Acemoglu, Daron; Restrepo, Pascual - 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/10011786882

Minimum Wages and On-the-Job Training

Pischke, Jörn-Steffen; Acemoglu, Daron - 2008

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/10014123892

Mirage on the horizon : geoengineering and carbon taxation without commitment

Acemoglu, Daron; Rafey, Will - 2018

We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and...

Persistent link: https://www.econbiz.de/10011820231

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...

Persistent link: https://www.econbiz.de/10013137809

Localized and Biased Technologies : Atrkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

Acemoglu, Daron - 2015

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

Persistent link: https://www.econbiz.de/10013033817

Managing Innovation in a Crowd

Acemoglu, Daron - 2014

Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open … fact that the exact difficulties of innovation tasks may not be known in advance, so tasks that require high-skill labor …

Persistent link: https://www.econbiz.de/10013060414

Young, Restless and Creative : Openness to Disruption and Creative Innovations

Acemoglu, Daron; Akcigit, Ufuk; Celik, Murat Alp - 2015

innovations — innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on … the choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted …-country evidence consistent with this pattern. Our measures of creative innovations proxy for innovation quality (average number of …

Persistent link: https://www.econbiz.de/10014037649