Library · Tag
Labor
An annotated collection of 2 papers on labor, spanning 1973 to 2018. Featuring works by A. Michael Spence, Daron Acemoglu & Pascual Restrepo — each with editorial commentary oriented to digital product practice.
Job Market Signaling
A. Michael Spence, 1973 · The Quarterly Journal of Economics, Vol. 87, No. 3
Spence's canonical model of how agents in markets with asymmetric information use costly signals to reveal their type. The original setting is the labour market: employers cannot observe worker productivity before hiring…
The Race Between Machine and Man: Implications of Technology for Growth, Factor Shares, and Employment
Daron Acemoglu & Pascual Restrepo, 2018 · American Economic Review, Vol. 108, No. 6
A rigorous theoretical framework on the competition between automation (which displaces labour) and the creation of new tasks (which generates employment). Acemoglu and Restrepo offer the analytical counterweight to Bryn…