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Competing Engines of Growth : Innovation and Standardization

Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - 2014

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/10014195649

Competing Engines of Growth : Innovation and Standardization

Acemoglu, Daron - 2014

Persistent link: https://www.econbiz.de/10013069970

Competing Engines of Growth : Innovation and Standardization

Acemoglu, Daron - 2010

Persistent link: https://www.econbiz.de/10013144153

Equalizing Superstars: The Internet and the Democratization of Education

Acemoglu, Daron; Laibson, David; list, john - National Bureau of Economic Research (NBER) - 2014

Internet-based educational resources are proliferating rapidly. One concern associated with these (potentially transformative) technological changes is that they will be disequalizing - as many technologies of the last several decades have been - creating superstar teachers and a winner-take-all...

Persistent link: https://www.econbiz.de/10010951360

Equalizing Superstars : The Internet and the Democratization of Education

Acemoglu, Daron - 2014

Educational resources distributed via the Internet are rapidly proliferating. One prominent concern associated with these potentially transformative developments is that, as many of the leading technologies of the last several decades have been, these new sweeping technological changes will be...

Persistent link: https://www.econbiz.de/10013060418

Why Do Firms Train? Theory and Evidence

Acemoglu, Daron; Pischke, Jorn-Steffen - National Bureau of Economic Research (NBER) - 1996

This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The crucial ingredient in our model is that the current employer has superior information about the worker's ability relative to other firms. This informational advantage gives the...

Persistent link: https://www.econbiz.de/10005828819

The Structure of Wages and Investment in General Training

Acemoglu, Daron; Pischke, Jorn-Steffen - National Bureau of Economic Research (NBER) - 1998

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/10005829349

Minimum Wages and On-the-job Training

Acemoglu, Daron; Pischke, Jorn-Steffen - National Bureau of Economic Research (NBER) - 1999

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. We show that when the assumption of perfectly competitive labor markets underlying this...

Persistent link: https://www.econbiz.de/10005829980

What Does Human Capital Do? A Review of Goldin and Katz's <em>The Race between Education and Technology</em>

Acemoglu, Daron; Autor, David - In: Journal of Economic Literature 50 (2012) 2, pp. 426-63

Goldin and Katz's The Race between Education and Technology is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the twentieth century. This essay reviews...

Persistent link: https://www.econbiz.de/10011014332

Skills, Tasks and Technologies: Implications for Employment and Earnings

Acemoglu, Daron; Autor, David - National Bureau of Economic Research (NBER) - 2010

A central organizing framework of the voluminous recent literature studying changes in the returns to skills and the evolution of earnings inequality is what we refer to as the canonical model, which elegantly and powerfully operationalizes the supply and demand for skills by assuming two...

Persistent link: https://www.econbiz.de/10008614632