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The shrinking middle
Michaels, Guy; Natraj, Ashwini; Reenen, John Van - Centre for Economic Performance, LSE - 2010
Guy Michaels and colleagues show how new technologies are polarising the labour market, with the middle-skilled losing out most
Persistent link: https://www.econbiz.de/10009416224
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Has ICT Polarized Skill Demand? Evidence from Eleven Countries over 25 Years
Michaels, Guy; Natraj, Ashwini; Reenen, John Van - Centre for Economic Performance, LSE - 2010
OECD labor markets have become more "polarized" with employment in the middle of the skill distribution falling relative to the top and (in recent years) also the bottom of the skill distribution. We test the hypothesis of Autor, Levy, and Murnane (2003) that this is partly due to information...
Persistent link: https://www.econbiz.de/10008542740
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Minimum Wages and On-the-Job Training
Acemoglu, Daron; Pischke, Jörn-Steffen - Centre for Economic Performance, 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/10005016812
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Innovation, Reallocation and Growth
Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - Centre for Economic Performance, LSE - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010655943
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In brief: Two cheers for Anglo-Saxon financial markets?
Aghion, Philippe; Reenen, John Van; Zingales, Luigi - Centre for Economic Performance, LSE - 2012
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10010549053
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Investing for Prosperity: Skills, Infrastructure and Innovation
Aghion, Philippe; Besley, Timothy; Browne, John; … - Centre for Economic Performance, LSE - 2013
century? After years of inadequate investment in skills, infrastructure and innovation, there are longstanding structural …
Persistent link: https://www.econbiz.de/10010604795
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Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry
Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - Centre for Economic Performance, LSE - 2012
innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …
Persistent link: https://www.econbiz.de/10010945141
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Innovation and Institutional Ownership
Aghion, Philippe; Reenen, John Van; Zingales, Luigi - Centre for Economic Performance, LSE - 2009
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10005670440