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Acemoglu, Daron; Loebbing, Jonas - National Bureau of Economic Research - 2022

skill premium above a skill threshold and reduces the skill premium below this threshold. Moreover, automation tends to … increases in capital productivity ultimately induce a transition to low-skill automation and qualitatively alter the effects of … automation - thereafter inducing monotone increases in skill premia rather than wage polarization …

Persistent link: https://www.econbiz.de/10013388884

Automation and Rent Dissipation : Implications for Wages, Inequality, and Productivity

Acemoglu, Daron; Restrepo, Pascual - National Bureau of Economic Research - 2024

This paper studies the effects of automation in economies with labor market distortions that generate worker rents--wages above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage losses from automation. It also reduces...

Persistent link: https://www.econbiz.de/10014576564

Distorted Innovation : Does the Market Get the Direction of Technology Right?

Acemoglu, Daron - National Bureau of Economic Research - 2023

In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...

Persistent link: https://www.econbiz.de/10014226119

Measuring and Predicting "New Work" in the United States : The Role of Local Factors and Global Shocks

Kim, Gueyon; Merritt, Cassandra; Peri, Giovanni - National Bureau of Economic Research - 2024

task content of jobs and skill characteristics of workers and document its geographic distribution and association with …

Persistent link: https://www.econbiz.de/10014544803

The Labor Market Impacts of Technological Change : From Unbridled Enthusiasm to Qualified Optimism to Vast Uncertainty

Autor, David H. - National Bureau of Economic Research - 2022

This review considers the evolution of economic thinking on the relationship between digital technology and inequality across four decades, encompassing four related but intellectually distinct paradigms, which I refer to as the education race, the task polarization model, the...

Persistent link: https://www.econbiz.de/10013210102

Scenarios for the Transition to AGI

Korinek, Anton; Suh, Donghyun - National Bureau of Economic Research - 2024

We analyze how output and wages behave under different scenarios for technological progress that may culminate in Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can perform. We assume that human work can be decomposed into atomistic...

Persistent link: https://www.econbiz.de/10014512109

Skills, Majors, and Jobs : Does Higher Education Respond?

Conzelmann, Johnathan G.; Hemelt, Steven W.; Hershbein, Brad - National Bureau of Economic Research - 2023

How do college students and postsecondary institutions react to changes in skill demand in the U.S. labor market? We …

Persistent link: https://www.econbiz.de/10014337805

Remote Work and City Structure

Monte, Ferdinando; Porcher, Charly; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2023

We study the adoption of remote work within cities and its effect on city structure and welfare. We develop a dynamic model of a city in which workers can decide to work in the central business district (CBD) or partly at home. Working in the CBD allows them to interact with other commuters,...

Persistent link: https://www.econbiz.de/10014322881

Technology and Labor Displacement : Evidence from Linking Patents with Worker-Level Data

Kogan, Leonid; Papanikolaou, Dimitris; Schmidt, Lawrence; … - National Bureau of Economic Research - 2023

We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...

Persistent link: https://www.econbiz.de/10014436977

Skills, Tasks and Technologies : Implications for Employment and Earnings

Acemoglu, Daron - 2010

supply and demand for skills by assuming two distinct skill groups that perform two different and imperfectly substitutable … complementing either high or low skill workers, can generate skill biased demand shifts. In this paper, we argue that despite its … decades, including: (1) significant declines in real wages of low skill workers, particularly low skill males; (2) non …

Persistent link: https://www.econbiz.de/10012462573

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