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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

Automation and new tasks : how technology displaces and reinstates labor

Acemoglu, Daron; Restrepo, Pascual - 2019

We present a framework for understanding the effects of automation and other types of technological changes on labor demand, and use it to interpret changes in US employment over the recent past. At the center of our framework is the allocation of tasks to capital and labor - the task content of...

Persistent link: https://www.econbiz.de/10012001461

Low-skill and high-skill automation

Acemoglu, Daron; Restrepo, Pascual - 2017

We present a task-based model in which high- and low-skill workers compete against machines in the production of tasks. Low-skill (high-skill) automation corresponds to tasks performed by low-skill (high-skill) labor being taken over by capital. Automation displaces the type of labor it directly...

Persistent link: https://www.econbiz.de/10011786882

Modeling automation

Acemoglu, Daron; Restrepo, Pascual - 2018

This paper points out that modeling automation as factor-augmenting technological change has several unappealing implications. Instead, modeling it as the process of machines replacing tasks previously performed by labor is both descriptively realistic and leads to distinct and empirically...

Persistent link: https://www.econbiz.de/10011797210

The structure of wages and investment in general training

Acemoglu, Daron; Pischke, Jörn-Steffen - 1998

Persistent link: https://www.econbiz.de/10000652947

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

The Structure of Wages and Investment in General Training

Acemoglu, Daron; Pischke, Jörn-Steffen - 2022

In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure" turn technologically' general skills into specific'...

Persistent link: https://www.econbiz.de/10013321573

The Structure of Wages and Investment in General Training

Acemoglu, Daron - 1998

Persistent link: https://www.econbiz.de/10012472459

The structure of wages and investment in general training

Acemoglu, Daron; Pischke, Jörn-Steffen - 1998

Persistent link: https://www.econbiz.de/10013422433

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