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The wrong kind of AI? : artificial intelligence and the future of labor demand

Acemoglu, Daron; Restrepo, Pascual - 2019

Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological...

Persistent link: https://www.econbiz.de/10012001438

Automation and new tasks : how technology displaces and reinstates labor

Acemoglu, Daron; Restrepo, Pascual - 2019

We present a framework for understanding the effects of automation and other types of technological changes on labor demand, and use it to interpret changes in US employment over the recent past. At the center of our framework is the allocation of tasks to capital and labor - the task content of...

Persistent link: https://www.econbiz.de/10012001461

Minimum wages and on-the-job training

Acemoglu, Daron; Pischke, Jörn-Steffen - 2001

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/10011404043

Robots and workers : evidence from the Netherlands

Acemoglu, Daron; Koster, Hans; Ozgen, Ceren - 2023

We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...

Persistent link: https://www.econbiz.de/10014230161

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

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

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, and on how managers of different ages and human capital are sorted …. Our measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity …

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

Transition to Clean Technology

Acemoglu, Daron; Akcigit, Ufuk; Hanley, Douglas; Kerr, … - Department of Economics, University of Pennsylvania - 2014

innovation - in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …

Persistent link: https://www.econbiz.de/10011095231

Innovation, Reallocation and Growth

Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - Department of Economics, University of Pennsylvania - 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/10010822929