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Research and development, spillovers, innovation systems, and the genesis of regional growth in Europe

Rodríguez-Pose, Andrés; Crescenzi, Riccardo - London School of Economics (LSE) - 2008

regional innovation systems, and knowledge and socio-economic spillovers. This approach allows the discrimination between the …Research on the impact of innovation on regional economic performance in Europe has fundamentally followed three …) the study of the existence and efficiency of regional innovation systems; and (3) the examination of the geographical …

Persistent link: https://www.econbiz.de/10011071557

Minimum wages and on-the-job training

Acemoglu, Daron; Pischke, Jorn-Steffen - London School of Economics (LSE) - 2002

Becker''s theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10010746286

“Phantom of the Opera” or “Sex and the City”? Historical Amenities as Sources of Exogenous Variation

Bauer, Thomas; Breidenbach, Philipp; Schmidt, Christoph M - C.E.P.R. Discussion Papers - 2014

Using the location of baroque opera houses as a natural experiment, Falck et al. (2011) claim to document a positive causal effect of the supply of cultural goods on today’s regional distribution of talents. This paper raises serious doubts on the validity of the identification strategy...

Persistent link: https://www.econbiz.de/10011083795

Why do Firms Train? Theory and Evidence

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1996

This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The crucial ingredient in our model is that the current employer has superior information about the worker’s ability relative to other firms. This informational advantage gives the...

Persistent link: https://www.econbiz.de/10005791865

Sheepskin Effects in Japan

Bauer, Thomas; Dross, Patrick J; Haisken-DeNew, John P - C.E.P.R. Discussion Papers - 2002

Using data for the 1990s, this Paper examines the role of sheepskin effects in the returns to education for Japan. Our estimations indicate that sheepskin effects explain about 50% of the total returns to schooling. We further find that sheepskin effects are only important for workers in small...

Persistent link: https://www.econbiz.de/10005656206

The Structure of Wages and Investment in General Training

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1998

In the standard model of human capital with perfect labor markets, workers pay for general training. When labor market frictions compress the structure of wages, firms may invest in the general skills of their employees. The reason is that the distortion in the wage structure turns...

Persistent link: https://www.econbiz.de/10005656301

Minimum Wages and On-the-Job Training

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1999

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of perfectly competitive labour markets underlying this...

Persistent link: https://www.econbiz.de/10005661835

Good Jobs versus Bad Jobs: Theory and Some Evidence

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1997

This paper offers a model of the interaction between composition of jobs and labour market regulation. Ex-post rent-sharing due to search frictions implies that ‘good’ jobs which have higher creation costs must pay higher wages. This wage differential distorts the composition of jobs, and in...

Persistent link: https://www.econbiz.de/10005662323

Employer Learning And The Returns To Schooling

Bauer, Thomas; Haisken-DeNew, John P - C.E.P.R. Discussion Papers - 2000

We examine the dynamic role of education and experience as determinants of wages. It is hypothesized that an employee's education is an important signal to the employer initially. Over time, the returns to schooling should decrease with labour market experience and increase with initially...

Persistent link: https://www.econbiz.de/10005666574

The Environment and Directed Technical Change

Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - C.E.P.R. Discussion Papers - 2011

dirty innovation and production; (ii) optimal policy involves both .carbon taxes. and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …

Persistent link: https://www.econbiz.de/10009365645