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Offshoring and Directed Technical Change

Acemoglu, Daron; Gancia, Gino A.; Zilibotti, Fabrizio - 2012

Ricardian model of offshoring. A unique final good is produced by combining a skilled and an unskilled product, each produced …-scarce East. Profit maximization determines both the extent of offshoring and technological progress. Offshoring induces skill … relevant case, starting from low levels, an increase in offshoring opportunities triggers a transition with falling real wages …

Persistent link: https://www.econbiz.de/10014165244

The Economic Lives of the Poor

Banerjee, Abhijit V.; Duflo, Esther - 2010

This paper uses survey data from 13 countries to document the economic lives of the poor (those living on less than $2 dollar per day per capita at purchasing power parity) or the extremely poor (those living on less than $1 dollar per day). We describe their patterns of consumption and income...

Persistent link: https://www.econbiz.de/10014054888

The Rise in Disability Recipiency and the Decline in Unemployment

Autor, David H.; Duggan, Mark - 2013

less skilled and their employment responses to adverse employment shocks. Following program liberalization in 1984, DI …

Persistent link: https://www.econbiz.de/10014035365

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

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

Why Has CEO Pay Increased so Much?

Gabaix, Xavier - 2008

This paper develops a simple competitive model of CEO pay. A large part of the rise in CEO compensation in the US economy is explained without assuming managerial entrenchment, mishandling of options, or theft. CEOs have observable managerial talent and are matched to assets in a competitive...

Persistent link: https://www.econbiz.de/10012727167

Persistence of Power, Elites, and Institutions

Acemoglu, Daron - 2006

We construct a model of simultaneous change and persistence in institutions. The model consists of landowning elites and workers, and the key economic decision concerns the form of economic institutions regulating the transaction of labor (e.g., competitive markets versus labor repression). The...

Persistent link: https://www.econbiz.de/10012734199

Inequality and Institutions in 20th Century America

Levy, Frank S. - 2015

We provide a comprehensive view of widening income inequality in the United States contrasting conditions since 1980 with those in earlier postwar years. We argue that the income distribution in each period was strongly shaped by a set of economic institutions. The early postwar years were...

Persistent link: https://www.econbiz.de/10012707860

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

The China syndrome : local labor market effects of import competition in the United States

Autor, David H.; Dorn, David; Hanson, Gordon H. - 2012

-quarter of the contemporaneous aggregate decline in U.S. manufacturing employment. Transfer benefits payments for unemployment …

Persistent link: https://www.econbiz.de/10009541317