This chapter presents a tractable framework for the study of technology adoption and diffusion in the context of economic development. Firms in countries behind the world technology frontier can rapidly adopt new techniques from the world frontier. Lower absorptive capacity (because of weak...

Consensus is crucial to authoritative science, as is replicability. Yet, in economics and the social sciences, the publication of contradictory replications often sparks fierce debates between replicators and original authors. This paper investigates whether experts can reach a consensus on a...

Consensus is crucial to authoritative science, as is replicability. Yet, in economics and the social sciences, the publication of contradictory replications often sparks fierce debates between replicators and original authors. This paper investigates whether experts can reach a consensus on a...

Daron Acemoglu and Pascal Restrepo uncover how automation disproportionately targets tasks that pay workers above-market wages, eroding those rents and amplifying wage losses for affected workers. Using U.S. data from 1980 to 2016, they show that this “rent dissipation” not only reduces wage...

This chapter reviews recent advances in the task model and shows how this framework can be put to work to understand trends in the labor market in recent decades. Production in each industry requires the completion of various tasks that can be assigned to workers with different skills or to...

D. Acemoğlu, S. Johnson und J. Robinson erhielten 2024 den Nobelpreis für Wirtschaftswissenschaften für ihre Forschung zu den Auswirkungen von Institutionen auf den Wohlstand von Nationen. Sie erweiterten die klassische Wirtschaftstheorie um die institutionelle und politökonomische...