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Too Much Data : Prices and Inefficiencies in Data Markets
Acemoglu, Daron - 2019
-sharing that improves efficiency.Institutional subscribers to the NBER working paper series, and residents of developing countries …
Persistent link: https://www.econbiz.de/10012862414
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Why Not a Political Coase Theorem? Social Conflict, Commitment and Politics
Acemoglu, Daron - 2021
Do societies choose inefficient policies and institutions, in contrast to what would be suggested by a reasoning extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the beliefs and ideologies of their peoples or leaders? Or...
Persistent link: https://www.econbiz.de/10013216095
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Modeling Inefficient Institutions
Acemoglu, Daron - 2021
Why do inefficient %uF818 non-growth enhancing %uF818 institutions emerge and persist? This paper develops a simple framework to provide some answers to this question. Political institutions determine the allocation of political power, and economic institutions determine the framework for...
Persistent link: https://www.econbiz.de/10013247019
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Why Do Firms Train? Theory and Evidence
Acemoglu, Daron; Pischke, Jörn-Steffen - 2021
This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The … explanations of firm sponsored training. Using microdata from Germany, we show that the predictions of the specific human capital …
Persistent link: https://www.econbiz.de/10013231422
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Efficient Unemployment Insurance
Acemoglu, Daron; Shimer, Robert - 2021
This paper constructs a tractable general equilibrium model of search with risk-aversion. An increase in risk-aversion reduces wages, unemployment, and investment. Unemployment insurance (UI) has the reverse effect due to market generated moral hazard: insured workers seek high wage jobs with...
Persistent link: https://www.econbiz.de/10013234055
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The Political Economy of Hatred
Glaeser, Edward L. - 2021
What determines the intensity and objects of hatred? Hatred forms when people believe that out-groups are responsible for past and future crimes, but the reality of past crimes has little to do with the level of hatred. Instead, hatred is the result of an equilibrium where politicians supply...
Persistent link: https://www.econbiz.de/10013218402
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Young and Out in Germany : On the Youths' Chances of Labor Market Entrance in Germany
Franz, Wolfgang; Inkmann, Joachim; Pohlmeier, Winfried; … - 2021
This paper deals with the labor market entrance of young people in the Federal Republic" of Germany. The main focus is … on failures during this stage. First, an overview of the youth" labor market in Germany is given. Then, the transition …
Persistent link: https://www.econbiz.de/10013222219
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German and American Wage and Price Dynamics : Differences and Common Thenes
Franz, Wolfgang; Gordon, Robert J. - 2021
The evolution of unemployment in West Germany and the U. S. stands in sharp contrast, with German unemployment much … big difference berween the two countries is that there is no feedback from wages to prices in Germany, and so high … unemployment does not put downward pressure on the inflation rate. During the 19705 and 19805 in Germany there emerged a growing …
Persistent link: https://www.econbiz.de/10013237265
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The Duration of Youth Unemployment in West Germany : Some Theoretical Considerations
Franz, Wolfgang - 2021
This paper presents a theoretical model dealing with the duration of youth unemployment in West Germany. Duration can …
Persistent link: https://www.econbiz.de/10013249173
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The Reservation Wage of Unemployed Persons in the Federal Republic of Germany : Theory and Empirical Tests
Franz, Wolfgang - 2021
This study examines the determinants of the reservation wage of unemployed persons in the Federal Republic of Germany …
Persistent link: https://www.econbiz.de/10013249255