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Acemoglu, Daron

Overview
Works: 335 works in 1,563 publications in 1 language and 12,553 library holdings
Genres: History  Conference proceedings 
Roles: Editor, Creator
Classifications: HB74.P65, 330
Publication Timeline
Key
Publications about Daron Acemoglu
Publications by Daron Acemoglu
Most widely held works by Daron Acemoglu
Why nations fail : the origins of power, prosperity, and poverty by Daron Acemoglu( Book )
40 editions published between 2012 and 2013 in English and held by 2,413 libraries worldwide
Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography, or perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. In this book the authors show that it is man-made political and economic institutions that underlie economic success (or lack of it). Based on fifteen years of original research, they marshall historical evidence from the Roman Empire to the Soviet Union, from Korea to Africa, to build a new theory of political economy with great relevance for the big questions of today, including: China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? Is America moving from a virtuous circle, in which efforts by elites to aggrandize power are resisted, to a vicious one that enriches and empowers a small minority? What is the most effective way to help move billions of people from the rut of poverty to prosperity? Is it through more philanthropy from the wealthy nations of the West, or learning lessons on the interplay between inclusive political and economic institutions?
Economic origins of dictatorship and democracy by Daron Acemoglu( Book )
31 editions published between 2005 and 2009 in English and held by 1,207 libraries worldwide
This book is the first to use modern social science methodology systematically to explain why some countries are democracies while others are not. Why does democracy sometimes persist and consolidate while other times it collapses? The treatment shows that whether or not a society becomes democratic depends on several factors
NBER macroeconomics annual 2006 by Daron Acemoglu( file )
8 editions published in 2007 in English and held by 680 libraries worldwide
This 21st edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The first four papers and discussions focus on such current macroeconomic issues as how structural-vector-autoregressions help identify sources of business cycle fluctuations and the evolution of U.S. macroeconomic policies. The last two papers analyze theoretical developments in optimal taxation policy and equilibrium yield curves.Daron Acemoglu is Charles P. Kindleberger Professor of Applied Economics at MIT. Kenneth Rogoff is Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University. Michael Woodford is John Bates Clark Professor of Political Economy at Columbia University. All three are Research Associates of the National Bureau of Economic Research
Introduction to modern economic growth by Daron Acemoglu( Book )
16 editions published between 2008 and 2012 in English and held by 439 libraries worldwide
Daron Acemoglu gives graduate students not only the tools to analyze growth & related macroeconomic problems, but also the broad perspective necessary to apply those tools to the big-picture questions of growth & divergence. He also introduces the economic & mathematical foundations of modern growth theory & macroeconomics
Why nations fail the origins of power, prosperity and poverty by Daron Acemoglu( Sound Recording )
9 editions published in 2012 in English and held by 388 libraries worldwide
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny
Minimum wages and on-the-job training by Daron Acemoglu( Book )
23 editions published between 1999 and 2003 in English and Undetermined and held by 124 libraries worldwide
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 labor markets underlying this theory is relaxed, minimum wages can increase training of affected workers, by inducing firms to train their unskilled employees. More generally, a minimum wage increases training for constrained workers, while reducing it for those taking wage cuts to finance their training. We provide new estimates on the impact of the state and federal increases in the minimum wage between 1987 and 1992 of the training of low wage workers. We find no evidence that minimum wages reduce training. These results are consistent with our model, but difficult to reconcile with the standard theory of human capital
Why do firms train? : theory and evidence by Daron Acemoglu( Book )
21 editions published between 1996 and 1998 in English and held by 121 libraries worldwide
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 employer an ex post monopsony power over the worker which encourages the firm to provide training. We show that the model can lead to multiple equilibria. In one equilibrium quits are endogenously high, and as a result employers have limited monopsony power and are willing to supply only little training, while in another equilibrium quits are low and training high. We also derive predictions from our model not shared by other explanations of firm sponsored training. Using microdata from Germany, we show that the predictions of the specific human capital model are rejected, while our model receives support from the data
Changes in unemployment and wage inequality : an alternative theory and some evidence by Daron Acemoglu( Book )
22 editions published between 1996 and 1998 in English and held by 120 libraries worldwide
This paper offers a model where firms decide what types of jobs to create and then search for suitable workers. When there are few skilled workers and the productivity gap between the skilled and the unskilled is small, firms create a single type of job and recruit all workers. An increase in the proportion of skilled workers or skill-biased technical change can create a qualitative change in the composition of jobs, increasing the demand for skills, wage inequality, and the unemployment rates for both groups. The paper provides some evidence that there has been a change in the composition of jobs in the U.S. during the past two decades
The structure of wages and investment in general training by Daron Acemoglu( Book )
18 editions published between 1997 and 1998 in English and held by 119 libraries worldwide
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 "technologically" general skills into "specific" skills. Labor market frictions and institutions, such as minimum wages and union wage setting, are crucial in shaping the wage structure, and thus have an important impact on training. Our results suggest that the more frictional and regulated labor markets in Europe and Japan may generate more firm-sponsored general training than the U.S
Productivity differences by Daron Acemoglu( Book )
22 editions published between 1998 and 2000 in English and held by 118 libraries worldwide
Many technologies used by the LDCs are developed in the OECD economies, and as such are designed to make optimal use of the skills of these richer countries' workforces. Due to differences in the supply of skills, some of the tasks performed by skilled workers in the OECD economies will be carried out by unskilled workers in the LDCs. Since the technologies in these tasks are designed to be used by skilled workers, productivity in the LDCs will be low. Even when all countries have equal access to new technologies, this mismatch between skills and technology can lead to sizable differences in total factor productivity and output per worker. Our theory also suggests that productivity differences should be highest in medium-tech sectors, and that the trade regime and the degree of intellectual property right enforcement in the LDCs have an important effect on the direction of technical change and on productivity differences
Consequences of employment protection? : the case of the Americans with Disabilities Act by Daron Acemoglu( Book )
12 editions published in 1998 in English and held by 107 libraries worldwide
The Americans With Disabilities Act (ADA) requires employers to accommodate disabled workers and outlaws discrimination against the disabled in hiring, firing, and pay. Although the ADA was meant to increase employment of the disabled, it also increases costs for employers. The net theoretical impact turns on which provisions of the ADA are most important and how responsive firm entry and exit is to profits. Empirical results using the CPS suggest that the ADA had a negative effect on the employment of disabled men of all working ages and disabled women under age 40. The effects appear to be larger in medium size firms, possibly because small firms were exempt from the ADA. The effects are also larger in states where there have been more ADA-related discrimination charges. Estimates of effects on hiring and firing suggest the ADA reduced hiring of the disabled but did not affect separations. This weighs against a pure firing-costs interpretation of the ADA. Finally, there is little evidence of an impact on the nondisabled, suggesting that the adverse employment consequences of the ADA have been limited to the protected group
Efficient unemployment insurance by Daron Acemoglu( Book )
13 editions published between 1997 and 1998 in English and held by 102 libraries worldwide
This paper constructs a tractable general equilibrium model of search with risk-aversion. An increase in risk-aversion reduces wages, unemployment, and investment. Unemployment insurance (UI) has the reverse effect due to market generated moral hazard: insured workers seek high wage jobs with high unemployment risk. An economy with risk-neutral workers achieves maximal output without any UI. In contrast, in an economy with risk-averse workers, a positive level of UI maximizes output. Therefore, moderate UI not only improves risk-sharing, but also increases output
The world income distribution by Daron Acemoglu( Book )
20 editions published between 2000 and 2002 in English and held by 102 libraries worldwide
We show that even in the absence of diminishing returns in production and techno-logical spillovers, international trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns: countries that accumulate capital faster than average experience declining export prices, depressing the rate of return to capital and discouraging further accumulation. Because of constant re-turns to capital accumulation from a global perspective time-series behavior of the world economy is similar to that of existing endogenous growth models, with the world growth rate determined by policies, savings and technologies. Because of diminishing returns to capital accumulation at the country level, the cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: cross-country variation in economic policies, savings and technology translate into cross-country variation in incomes, and country dynamics exhibit conditional convergence as in the Solow-Ramsey model. The dispersion of the world income distribution is determined by the forces that shape the strength of the terms of trade effects the degree of openness to international trade and the extent of specialization. Finally, we provide evidence that countries accumulating faster experience a worsening in their terms of trade. Our estimates imply that, all else equal, a 1 percentage point faster growth is associated with approximately a 0.7 percentage point decline in the terms of trade
Distance to frontier, selection, and economic growth by Daron Acemoglu( Book )
17 editions published in 2002 in English and held by 98 libraries worldwide
We analyze an economy where managers engage both in the adaptation of technologies from the world frontier and in innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy approaches the technology frontier, selection becomes more important. As a result, countires at early stages of development pursue an investment-based strategy, with long term relationships, high average size and age of firms, large average investments, but little selection. Closer to the world technology frontier, there is a switch to innovation-based strategy with short-term relationships, younger firms, less investment and better selection of managers. We show that relatively backward economies may switch out of the investment-based strategy too soon, so certain economic institutions and policies, such as limits on product market competition or investment subsidies, that encourage the investment-based strategy may be beneficial. However, societies that cannot switch out of the investment-based strategy fail to converge to the world technology frontier. Non-convergence traps are more likely when policies and institutions are endogenized, enabling beneficiaries of existing policies to bribe politicians to maintain these policies
Beyond Becker : training in imperfect labor markets by Daron Acemoglu( Book )
15 editions published in 1998 in English and held by 97 libraries worldwide
In this paper, we survey non-competitive theories of training. With competitive labor markets, firms never pay for investments in general training, whereas when labor markets are imperfect, firm-sponsored training arises as an equilibrium phenomenon. We discuss a variety of evidence which support the predictions of non-competitive theories, and we draw some tentative policy conclusions from these models
Productivity gains from unemployment insurance by Daron Acemoglu( Book )
13 editions published between 1999 and 2001 in English and held by 96 libraries worldwide
This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate whether this effect is comparable in magnitude to the standard moral hazard effects of unemployment insurance. Our model economy captures the behavior of the U.S. labor market for high school graduates quite well. When unemployment insurance becomes more generous starting from the current U.S. levels, there is an increase in unemployment similar in magnitude to the micro-estimates, but because the composition of jobs also changes, total output and welfare increase as well
Vertical integration and distance to frontier by Daron Acemoglu( Book )
15 editions published in 2002 in English and held by 91 libraries worldwide
We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and discourages innovation. Outsourcing of some production activities mitigates the managerial overload, but creates a holdup problem, causing some of the rents of the owners to be dissipated to the supplier. Far from the technology frontier, imitation activities are more important, and vertical integration is preferred. Closer to the frontier, the value of innovation increases, encouraging outsourcing
How large are the social returns to education? : evidence from compulsory schooling laws by Daron Acemoglu( Book )
15 editions published in 1999 in English and held by 90 libraries worldwide
Average schooling in US states is highly correlated with state wage levels, even after controlling for the direct effect of schooling on individual wages. We use an instrumental variables strategy to determine whether this relationship is driven by social returns to education. The instrumentals for average schooling are derived from information on the child labor laws and compulsory attendance laws that affected men in our Census samples, while quarter of birth is used as an instrument for individual schooling. This results in precisely estimated private returns to education of about seven percent, and small social returns, typically less than one percent, that are not significantly different from zero
Economic backwardness in political perspective by Daron Acemoglu( Book )
14 editions published in 2002 in English and held by 88 libraries worldwide
We construct a simple model where political elites may block technological and institutional development, because of a 'political replacement effect'. Innovations often erode elites' incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political elites are unwilling to initiate change, and may even block economic development. We show that elites are unlikely to block development when there is a high degree of political competition, or when they are highly entrenched. It is only when political competition is limited and also their power is threatened that elites will block development. We also show that such blocking is more likely to arise when political stakes are higher, and that external threats may reduce the incentives to block. We argue that this model provides an interpretation for why Britain, Germany and the U.S. industrialized during the nineteenth century, while the landed aristocracy in Russia and Austria-Hungary blocked development
Recent developments in growth theory ( Book )
7 editions published in 2004 in English and held by 88 libraries worldwide
 
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Alternative Names
Acemoglu, D. 1967-
Acemoglu, Daron 1967-
Acemoglu, K. Daron.
Acemoglu, K. Daron 1967-
Acemoglu, Kamer Daron
Acemoglu, Kamer Daron, 1967-
アセモグル, ダロン
Languages
English (349)
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