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Morten N. Støstad
Postdoctorat la @TheChoiceLab @NHHEcon. Anterior: Lector la @BerkeleyEcon, doctorat @PSEinfo. Inegalitatea este o externalitate. A fost odată astrofizician.
Acum câteva luni, am spus că un salariu minim mai mare poate duce la distrugeri creative.
Astăzi, un nou document QJE arată exact acest lucru: un MW mai mare aduce "mai puține firme, dar mai productive".
Salariile mari îmbunătățesc adesea eficiența economică! Este o parte crucială a modelului nordic.
13 oct. 2025
Creative destruction is also the most under-appreciated reason for why high minimum wages can improve economic efficiency
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Distrugerea creativă este, de asemenea, cel mai subapreciat motiv pentru care salariile minime ridicate pot îmbunătăți eficiența economică
13 oct. 2025
The 2025 laureates in economic sciences Philippe Aghion and Peter Howitt studied the mechanisms behind sustained growth. In an article from 1992, they constructed a mathematical model for what is called creative destruction: when a new and better product enters the market, the companies selling the older products lose out. The innovation represents something new and is thus creative. However, it is also destructive, as the company whose technology becomes passé is outcompeted.
Aghion and Howitt’s model shows that there are strong forces pulling in different directions as regards investment in research and development (R&D) and thus economic growth. Depending on factors such as the market and period of time, the need to subside R&D may vary.
#NobelPrize
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