Similar Search Results

Obedience in the Labor Market and Social Mobility : A Socio-Economic Approach

Acemoglu, Daron - National Bureau of Economic Research - 2021

This paper presents an analysis of what types of values, especially in regards to obedience vs. independence, families impart to their children and how these values interact with social mobility. In the model, obedience is a useful characteristic for employers, especially when wages are low,...

Persistent link: https://www.econbiz.de/10012616573

Search with multi-worker firms

Hawkins, William B.; Acemoglu, Daron - In: Theoretical Economics 9 (2014) 3, pp. 583-628

We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers and in which the hiring process is time-consuming as well as costly. We follow Stole and Zwiebel (1996a,b) and assume that wages are determined by continuous bargaining between...

Persistent link: https://www.econbiz.de/10011599523

Search with multi-worker firms

Acemoglu, Daron; Hawkins, William B. - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 3, pp. 583-628

Persistent link: https://www.econbiz.de/10011674212

Search with multi-worker firms

Hawkins, William B.; Acemoglu, Daron - In: Theoretical Economics 9 (2014) 3

Persistent link: https://www.econbiz.de/10010934644

Efficient Unemployment Insurance

Acemoglu, Daron; Shimer, Robert - National Bureau of Economic Research (NBER) - 1998

This paper constructs a tractable general equilibrium model of search with risk-aversion. An increase in risk-aversion reduces wages, unemployment, and investment. Unemployment insurance (UI) has the reverse effect due to market generated moral hazard: insured workers seek high wage jobs with...

Persistent link: https://www.econbiz.de/10005714736

Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence

Acemoglu, Daron - In: American Economic Review 89 (1999) 5, pp. 1259-1278

I present a model where firms decide what types of jobs to create and then search for suitable workers. When there are few skilled workers and the skilled-unskilled productivity gap is small, firms create a single type of job and recruit all workers. An increase in the proportion of skilled...

Persistent link: https://www.econbiz.de/10005820842

Credit Market Imperfections and Persistent Unemployment

Acemoglu, Daron - National Bureau of Economic Research (NBER) - 2000

Europe. When a change in the technological regime necessitates the creation of new firms, this can happen relatively rapidly … in the U.S. where credit markets function efficiently. In contrast, in Europe, job creation is constrained by credit … slower growth in the most credit dependent industries in Europe relative to the U.S., but the share of employment in these …

Persistent link: https://www.econbiz.de/10005830268

Productivity Gains from Unemployment Insurance

Acemoglu, Daron; Shimer, Robert - National Bureau of Economic Research (NBER) - 1999

This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate whether this effect is comparable in magnitude to the...

Persistent link: https://www.econbiz.de/10005774624

Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1996

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … implication which distinguishes this theory from others is derived and some evidence in support of this implication is provided. …

Persistent link: https://www.econbiz.de/10005789067

Credit market imperfections and persistent unemployment

Acemoglu, Daron - 2000

Persistent link: https://www.econbiz.de/10001517187

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