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Technological change, human capital structure, and multiple growth paths
Kim, Yong Jim; Lee, Jong-Wha - 2009
This paper presents a theoretical model to analyze the effects of technology change on growth rates of income and human capital in the uncertain environments of technology. The uncertainty comes from two sources; the possibility of a technology advance and the characteristics of new...
Persistent link: https://www.econbiz.de/10003817262
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Technological Change, Human Capital Structure, and Multiple Growth Paths
Kim, Yong Jin; Lee, Jong-Wha - 2009
This paper presents a theoretical model to analyze the effects of technology change on growth rates of income and human capital in the uncertain environments of technology. The uncertainty comes from two sources; the possibility of a technology advance and the characteristics of new...
Persistent link: https://www.econbiz.de/10010507250
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Ideology, Human Capital, and Growth
Iyigun, Murat; Mocan, Naci H.; Owen, Ann L. - 2001
education and knowledge and ideology play complementary roles in determining individuals' efficiency units of labor input. A … are likely to invest more in education and as a result experience faster technological progress and growth. Somewhat … high even in the long run. When there exists a feedback loop between education and ideology, a flawed ideology may be …
Persistent link: https://www.econbiz.de/10014134820
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Computer Technology, Human Labor, and Long-Run Economic Growth
Elliott, Stuart W. - 1998
Over the coming century, computer technology is likely to become capable of reproducing a large portion of the tasks performed by human labor. This paper develops a model of the aggregate economic growth that results when work tasks are transferred from humans to physical capital. The model...
Persistent link: https://www.econbiz.de/10014062624
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The adoption of ChatGPT
Humlum, Anders; Vestergaard, Emilie - 2024
We study the adoption of ChatGPT, the icon of Generative AI, using a large-scale survey experiment linked to comprehensive register data in Denmark. Surveying 100,000 workers from 11 exposed occupations, we document ChatGPT is pervasive: half of workers have used it, with younger, less...
Persistent link: https://www.econbiz.de/10014529975
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Human capital and retirement
Alders, Peter - 1999
This paper investigates the relation between human capital andretirement when the age of retirement is endogenous. This relation isexamined in a life-cycle earnings model. An employee works full timeuntil retirement. The worker accumulates human capital by training-on-the-job and by...
Persistent link: https://www.econbiz.de/10011302147
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Wages, skills, and skill-biased technical change : the canonical model revisited
Bowlus, Audra J.; Lochner, Lance; Robinson, Chris; … - 2021
The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...
Persistent link: https://www.econbiz.de/10012599109
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Market Size or Acceleration Effects; Comparing Hy pothese s to Explain Skill Biased Technical Change
Sanders, Mark - 2005
Skill-biased technical change has occupied empirical economists for much of the 90s. However, the empirical literature has not progressed much beyond observing a positive correlation between technology indicators and demand shifts. Two hypotheses on the root causes of skill biases in technical...
Persistent link: https://www.econbiz.de/10010261506
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Determinants of growth and convergence in a growing economy with heterogeneous entrepreneurs
Dohse, Dirk (contributor); Ott, Ingrid (contributor) - 2008
We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and convergence. Our work is closely related to the model by Acemoglu et al. (2006) but extends their analysis in some important respects. Entrepreneurs in our model dispose of two...
Persistent link: https://www.econbiz.de/10003782309
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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