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Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
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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/10010262588
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Minimum Wages and On-the-Job Training
Pischke, Jörn-Steffen; Acemoglu, Daron - 2008
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/10014123892
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The Structure of Wages and Investment in General Training
Acemoglu, Daron; Pischke, Jörn-Steffen - 1999
In the human capital model with perfect labor markets, firms never invest in general skills and all costs of general training are borne by workers. When labor market frictions compress the structure of wages, firms may pay for these investments. The distortion in the wage structure turns...
Persistent link: https://www.econbiz.de/10014194939
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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/10001642912
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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
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The structure of wages and investment in general training
Acemoglu, Daron; Pischke, Jörn-Steffen - 1998
Persistent link: https://www.econbiz.de/10000652947
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The structure of wages and investment in general training
Acemoglu, Daron; Pischke, Jörn-Steffen - In: Journal of political economy 107 (1999) 3, pp. 539-572
Persistent link: https://www.econbiz.de/10001378024
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The structure of wages and investment in general training
Acemoglu, Daron; Pischke, Jörn-Steffen - 1998
Persistent link: https://www.econbiz.de/10013422433
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Innovation network
Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2016
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
Persistent link: https://www.econbiz.de/10011557905