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Changes in Unemployment and Wage Inequality : an Alternative Theory and Some Evidence
Acemoglu, Daron - 2021
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/10013240624
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Credit Market Imperfections and Persistent Unemployment
Acemoglu, Daron - 2021
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/10013240945
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Democracy, Redistribution and Inequality
Acemoglu, Daron; Naidu, Suresh; Restrepo, Pascual; … - 2013
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail to be realized when democracy is captured by the...
Persistent link: https://www.econbiz.de/10013071520
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Transition to Clean Technology
Acemoglu, Daron - 2015
US energy sector. The model's quantitative implications match a range of moments not targeted in the estimation quite …
Persistent link: https://www.econbiz.de/10013031480
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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 …
Persistent link: https://www.econbiz.de/10013231422
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Minimum Wages and On-the-Job Training
Acemoglu, Daron; Pischke, Jörn-Steffen - 2021
Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers … perfectly competitive labor markets underlying this theory is relaxed, minimum wages can increase training of affected workers … standard theory of human capital …
Persistent link: https://www.econbiz.de/10013246651
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How Large are the Social Returns to Education? Evidence from Compulsory Schooling Laws
Acemoglu, Daron; Angrist, Joshua D. - 2022
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/10013322326
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Import Competition and the Great U.S. Employment Sag of the 2000s
Acemoglu, Daron - 2014
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing employment being a prime contributor to the slump. The U.S....
Persistent link: https://www.econbiz.de/10013048616
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Population and Civil War
Acemoglu, Daron; Fergusson, Leopoldo; Johnson, Simon - 2017
Medical and public health innovations in the 1940s quickly resulted in significant health improvements around the world. Countries with initially higher mortality from infectious diseases experienced greater increases in life expectancy, population, and - over the following 40 years - social...
Persistent link: https://www.econbiz.de/10012958980
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Democracy Does Cause Growth
Acemoglu, Daron; Naidu, Suresh; Restrepo, Pascual; … - 2014
We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country fixed effects and the rich dynamics of GDP, which otherwise...
Persistent link: https://www.econbiz.de/10013056591