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Learning from Ricardo and Thompson : Machinery and Labor in the Early Industrial Revolution, and in the Age of AI
Acemoglu, Daron; Johnson, Simon - National Bureau of Economic Research - 2024
. Wages are unlikely to rise when workers cannot push for their share of productivity growth. Today, artificial intelligence …
Persistent link: https://www.econbiz.de/10014544695
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Automation and Polarization
Acemoglu, Daron; Loebbing, Jonas - National Bureau of Economic Research - 2022
We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of intermediate complexity are assigned to capital. Interior...
Persistent link: https://www.econbiz.de/10013388884
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Minimum Wages and Labor Markets in the Twin Cities
Karabarbounis, Loukas; Lise, Jeremy; Nath, Anusha - National Bureau of Economic Research - 2022
Using merged administrative datasets from Minnesota, we bring new evidence on the labor market effects of large minimum wage increases by examining the policy changes implemented by Minneapolis and Saint Paul. We begin by using synthetic difference-in-differences methods to estimate...
Persistent link: https://www.econbiz.de/10013334456
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Monopsony, Job Tasks, and Labor Market Concentration
Dodini, Samuel; Lovenheim, Michael F.; Salvanes, Kjell G.; … - National Bureau of Economic Research - 2023
This paper extends the literature on monopsony and labor market concentration by taking a task-based approach and estimating the causal effect of concentration in the demand for skills on labor market outcomes. The prior literature has focused on industry and occupation concentration and likely...
Persistent link: https://www.econbiz.de/10013537717
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Preferences, Inequities, and Incentives in the Substitute Teacher Labor Market
Kraft, Matthew A.; Conklin, Megan Lane; Falken, Grace T. - National Bureau of Economic Research - 2022
We examine the labor supply decisions of substitute teachers - a large, on-demand market with broad shortages and inequitable supply. In 2018, Chicago Public Schools implemented a targeted bonus program designed to reduce unfilled teacher absences in largely segregated Black schools with...
Persistent link: https://www.econbiz.de/10013477206
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Missing Workers and Missing Jobs Since the Pandemic
Hobijn, Bart; Şahin, Ayşegül - National Bureau of Economic Research - 2022
a result, been a substantial drag on post-pandemic job growth. In this paper, we show that this is a misinterpretation … unrealistic assumption that the pre-pandemic tailwinds for job growth from the decline in the unemployment rate and cyclical … payroll jobs in October 2022 compared to right before the pandemic. At the recent pace of job growth, even without monetary …
Persistent link: https://www.econbiz.de/10013477209
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Experience Rating as an Automatic Stabilizer
Duggan, Mark G.; Johnston, Andrew; Guo, Audrey - National Bureau of Economic Research - 2022
Unemployment insurance taxes are experience-rated to penalize firms that dismiss workers. We examine whether experience rating acts as an automatic stabilizer in the labor market. We exploit the fact that penalties for layoffs vary by state using detailed data on state tax schedules, and we...
Persistent link: https://www.econbiz.de/10013462699
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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 quantify the magnitude and nature of response in the 4-year sector using a new measure of labor demand at the institution-major level that combines online job ads with geographic...
Persistent link: https://www.econbiz.de/10014337805
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Technology and Labor Displacement : Evidence from Linking Patents with Worker-Level Data
Kogan, Leonid; Papanikolaou, Dimitris; Schmidt, Lawrence; … - National Bureau of Economic Research - 2023
tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent …
Persistent link: https://www.econbiz.de/10014436977
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The Labor Demand and Labor Supply Channels of Monetary Policy
Graves, Sebastian; Huckfeldt, Christopher K.; Swanson, … - National Bureau of Economic Research - 2023
Monetary policy is conventionally understood to influence labor demand, with little effect on labor supply. We estimate the response of labor market flows to high-frequency changes in interest rates around FOMC announcements and Fed Chair speeches and find that, in contrast to the consensus...
Persistent link: https://www.econbiz.de/10014421195