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Competing engines of growth : innovation and standardization

Acemoglu, Daron; Gancia, Gino Alessandro; Zilibotti, … - 2010

Persistent link: https://www.econbiz.de/10008695959

Competing engines of growth : innovation and standardization

Acemoglu, Daron; Gancia, Gino Alessandro; Zilibotti, … - 2010

"We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

Persistent link: https://www.econbiz.de/10003960396

Competing engines of growth : innovation and standardization

Acemoglu, Daron; Gancia, Gino Alessandro; Zilibotti, … - 2010

Persistent link: https://www.econbiz.de/10003966377

Competing engines of growth : innovation and standardization

Acemoglu, Daron; Gancia, Gino Alessandro; Zilibotti, … - 2010

Persistent link: https://www.econbiz.de/10009720791

Minimum wages and on-the-job training

Acemoglu, Daron; Pischke, Jörn-Steffen - 2001

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10011404043

Secular stagnation? : the effect of aging on economic growth in the age of automation

Acemoglu, Daron; Restrepo, Pascual - 2017

Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We...

Persistent link: https://www.econbiz.de/10011689142

Robots and jobs : evidence from U.S. labor markets

Acemoglu, Daron; Restrepo, Pascual - 2017

As robots and other computer-assisted technologies take over tasks previously performed by labor, there is increasing concern about the future of jobs and wages. We analyze the effect of the increase in industrial robot usage between 1990 and 2007 on US local labor markets. Using a model in...

Persistent link: https://www.econbiz.de/10011689323

Demographics and automation

Acemoglu, Daron; Restrepo, Pascual - 2018

We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular, to more intensive use and development of robots. Using US data, we document that robots substitute for middle-aged workers (those between the ages of (36 and 55). We then show...

Persistent link: https://www.econbiz.de/10011820230

The Rise of Age-Friendly Jobs

Acemoglu, Daron; Mühlbach, Nicolaj Søndergaard; … - National Bureau of Economic Research - 2022

In 1990, one in five U.S. workers were aged over 50 years whereas today it is one in three. One possible explanation for this is that occupations have become more accommodating to the preferences of older workers. We explore this by constructing an "age-friendliness" index for occupations. We...

Persistent link: https://www.econbiz.de/10013388819

Automation and the Workforce : A Firm-Level View from the 2019 Annual Business Survey

Acemoglu, Daron; Anderson, Gary; Beede, David Nathan; … - National Bureau of Economic Research - 2022

This paper describes the adoption of automation technologies by US firms across all economic sectors by leveraging a new module introduced in the 2019 Annual Business Survey, conducted by the US Census Bureau in partnership with the National Center for Science and Engineering Statistics (NCSES)....

Persistent link: https://www.econbiz.de/10013462707