supply and demand for skills by assuming two distinct skill groups that perform two different and imperfectly substitutable … complementing either high or low skill workers, can generate skill biased demand shifts. In this paper, we argue that despite its …

rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …

our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … military action. In the case of inelastic resource demand, war incentives increase over time and war may become inevitable. Our …

from country-industry variation in the adoption of robots. Our model also implies that the productivity implications of … aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor …

demand, and use it to interpret changes in US employment over the recent past. At the center of our framework is the … a result, automation always reduces the labor share in value added and may reduce labor demand even as it raises … productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage …