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The race between machine and man : implications of technology for growth, factor shares and employment
Acemoglu, Daron; Restrepo, Pascual - 2016
We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and...
Persistent link: https://www.econbiz.de/10011573063
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Return of the Solow Paradox? IT, Productivity, and Employment in US Manufacturing
Acemoglu, Daron; Autor, David; Dorn, David; Hanson, … - In: American Economic Review 104 (2014) 5, pp. 394-99
rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using US manufacturing industries. There is some limited support for more rapid productivity growth in IT-intensive industries … that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases, when …
Persistent link: https://www.econbiz.de/10010815554
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What Does Human Capital Do? A Review of Goldin and Katz's The Race between Education and Technology
Acemoglu, Daron; Autor, David - National Bureau of Economic Research (NBER) - 2012
Goldin and Katz's <i>The Race between Education and Technology</i> 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 20th century. This essay reviews the...
Persistent link: https://www.econbiz.de/10009652861
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Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality
Acemoglu, Daron - C.E.P.R. Discussion Papers - 1997
productivity of skilled workers. An implication of this theory is that when the relative supply of skilled workers increases …
Persistent link: https://www.econbiz.de/10005504709
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Labor- and Capital- Augmenting Technical Change
Acemoglu, Daron - National Bureau of Economic Research (NBER) - 2000
of technical change. For example, taxes on capital income reduce the labor share in the short run, but increase it in the …
Persistent link: https://www.econbiz.de/10005088755
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Patterns of Skill Premia
Acemoglu, Daron - National Bureau of Economic Research (NBER) - 1999
, and reduces it in skill-scarce countries. Trade also induces skill-biased technical change, creating a powerful force …
Persistent link: https://www.econbiz.de/10005723135
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What does human capital do? : a review of Goldin and Katz’s The Race between Education and Technology
Acemoglu, Daron; Autor, David H. - 2012
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 20th century. This essay reviews the...
Persistent link: https://www.econbiz.de/10009488819
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Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality
Acemoglu, Daron - 2003
, the market for skill-complementary technologies is larger and more effort will be spent in upgrading the productivity of …
Persistent link: https://www.econbiz.de/10014208257
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Labor- and Capital-Augmenting Technical Change
Acemoglu, Daron - 2003
I analyze an economy in which firms can undertake both labor- and capital-augmenting technological improvements. In the long run, the economy resembles the standard growth model with purely labor-augmenting technical change, and the share of labor in GDP is constant. Along the transition path,...
Persistent link: https://www.econbiz.de/10014090881
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Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...
Persistent link: https://www.econbiz.de/10014226119