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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

The Structure of Wages and Investment in General Training

Acemoglu, Daron; Pischke, Jörn-Steffen - 1999

In the human capital model with perfect labor markets, firms never invest in general skills and all costs of general training are borne by workers. When labor market frictions compress the structure of wages, firms may pay for these investments. The distortion in the wage structure turns...

Persistent link: https://www.econbiz.de/10014194939

Good Jobs Versus Bad Jobs : Theory and Some Evidence

Acemoglu, Daron - 2003

increase unemployment, will increase average labor productivity and may improve welfare. The paper then briefly investigates …

Persistent link: https://www.econbiz.de/10014089468

Minimum Wages and On-the-Job Training

Pischke, Jörn-Steffen; Acemoglu, Daron - 2008

Persistent link: https://www.econbiz.de/10014123892

Localized and Biased Technologies : Atrkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

Acemoglu, Daron - 2015

This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three...

Persistent link: https://www.econbiz.de/10013033817

Low-skill and high-skill automation

Acemoglu, Daron; Restrepo, Pascual - 2017

also aﬀects the real wage of other workers. Counteracting these forces, automation creates a positive productivity eﬀect …, pushing up the price of all factors. Because capital adjusts to keep the interest rate constant, the productivity eﬀect …

Persistent link: https://www.econbiz.de/10011786882

Why do voters dismantle checks and balances?

Acemoglu, Daron; Robinson, James A.; Torvik, Ragnar - 2011

Voters often dismantle constitutional checks and balances on the executive. If such checks and balances limit presidential abuses of power and rents, why do voters support their removal? We argue that by reducing politician rents, checks and balances also make it cheaper to bribe or influence...

Persistent link: https://www.econbiz.de/10009303076

Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality

Acemoglu, Daron - 2003

, the market for skill-complementary technologies is larger and more effort will be spent in upgrading the productivity of …

Persistent link: https://www.econbiz.de/10014208257

Wage and Technology Dispersion

Acemoglu, Daron; Shimer, Robert - 2015

). In equilibrium, some firms adopt high fixed cost, high productivity technologies, offer high wages, and fill job openings …

Persistent link: https://www.econbiz.de/10014208264

Automation and polarization

Acemoglu, Daron; Löbbing, Jonas - 2023

relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … of capital (or an increase in capital productivity) causes employment and wage polarization. Specifically, further … increases in capital productivity ultimately induce a transition to low-skill automation and qualitatively alter the effects of …

Persistent link: https://www.econbiz.de/10014496402