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Secular stagnation? : the effect of aging on economic growth in the age of automation

Acemoglu, Daron; Restrepo, Pascual - 2017

Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We...

Persistent link: https://www.econbiz.de/10011689142

Can't we all be more like Scandinavians? : asymmetric growth and institutions in an Interdependent world

Acemoglu, Daron; Robinson, James A.; Verdier, Thierry - 2012

-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries benefit and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …

Persistent link: https://www.econbiz.de/10012825884

Young, Restless and Creative: Openness to Disruption and Creative Innovations

Acemoglu, Daron; Akcigit, Ufuk; Celik, Murat Alp - Department of Economics, University of Pennsylvania - 2014

This paper argues that openness to new, unconventional and disruptive ideas has a .first-order impact on creative innovations - innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...

Persistent link: https://www.econbiz.de/10010737405

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James A; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012

-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries bene…t and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …

Persistent link: https://www.econbiz.de/10011083861

Fragility of Asymptotic Agreement Under Bayesian Learning

Acemoglu, Daron - 2008

Under the assumption that individuals know the conditional distributions of signals given the payoff-relevant parameters, existing results conclude that as individuals observe infinitely many signals, their beliefs about the parameters will eventually merge. We first show that these results are...

Persistent link: https://www.econbiz.de/10012724813

Fragility of asymptotic agreement under Bayesian learning

Acemoglu, Daron; Chernozhukov, Victor; Yildiz, Muhamet - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 1, pp. 187-225

Persistent link: https://www.econbiz.de/10011673061

Demographics and automation

Acemoglu, Daron; Restrepo, Pascual - 2018

We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular, to more intensive use and development of robots. Using US data, we document that robots substitute for middle-aged workers (those between the ages of (36 and 55). We then show...

Persistent link: https://www.econbiz.de/10011820230

The rise and decline of general laws of capitalism

Acemoglu, Daron; Robinson, James A. - In: The journal of economic perspectives : EP ; a journal … 29 (2015) 1, pp. 3-28

Persistent link: https://www.econbiz.de/10011409411

Democracy does cause growth

Acemoglu, Daron; Naidu, Suresh; Restrepo, Pascual; … - In: Journal of political economy 127 (2018) 1, pp. 47-100

Persistent link: https://www.econbiz.de/10012065089

Democracy does cause growth

Acemoglu, Daron; Naidu, Suresh; Restrepo, Pascual; … - 2016

Persistent link: https://www.econbiz.de/10012028477

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