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Automation and polarization
Acemoglu, Daron; Löbbing, Jonas - 2023
relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … of capital (or an increase in capital productivity) causes employment and wage polarization. Specifically, further … increases in capital productivity ultimately induce a transition to low-skill automation and qualitatively alter the effects of …
Persistent link: https://www.econbiz.de/10014496402
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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 adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10014195649
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Offshoring and Directed Technical Change
Acemoglu, Daron; Gancia, Gino A.; Zilibotti, Fabrizio - 2012
To study the short-run and long-run implications on wage inequality, we introduce directed technical change into a Ricardian model of offshoring. A unique final good is produced by combining a skilled and an unskilled product, each produced from a continuum of intermediates (tasks). Some of...
Persistent link: https://www.econbiz.de/10014165244
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Competing Engines of Growth : Innovation and Standardization
Acemoglu, Daron - 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 adapted to be produced using unskilled labor. Our...
Persistent link: https://www.econbiz.de/10013069970
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Demographics and automation
Acemoglu, Daron; Restrepo, Pascual - 2018
from country industry variation in the adoption of robots. Our model also implies that the productivity implications of … aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor …
Persistent link: https://www.econbiz.de/10011820230
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Unpacking skill bias: automation and new tasks
Acemoglu, Daron; Restrepo, Pascual - 2020
Persistent link: https://www.econbiz.de/10012174660
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Innovation, Reallocation and Growth
Acemoglu, Daron - 2017
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10012974477
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Innovation, Reallocation and Growth
Acemoglu, Daron - 2015
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10013035706
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Localized and Biased Technologies : Atrkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change
Acemoglu, Daron - 2015
This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three...
Persistent link: https://www.econbiz.de/10013033817
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Innovation, Reallocation, and Growth
Acemoglu, Daron - 2019
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10012900520