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investment accounted for almost 30 percent of labor productivity growth in manufacturing. Thus, investments in intangibles that …
Persistent link: https://www.econbiz.de/10010320312
This paper examines whether recent advancements in automation and robotics have affected intergenerational income … intergenerational mobility and indicate that automation and exposure to new technologies can have long-lasting effects. …
Persistent link: https://www.econbiz.de/10014542168
been proposed, i.e. the influence of routine-based technological change and the offshorability and automation of jobs. The …
Persistent link: https://www.econbiz.de/10011794589
We examine the relationship between occupational automation probabilities and employment dynamics over nearly two … decades. We show that employment and wage shares of occupations with a higher automation risk have declined in Sweden over the … changes have been larger than the employment share changes. Combining the automation risk in workers' occupations with …
Persistent link: https://www.econbiz.de/10012145524
-cost) firms and laggard (high-cost) firms increase productivity when automating but that only laggard firms hire more automation …-level automation workforce probabilities, which reveal the extent to which a firms' workforce can be replaced by new AI and robotic …
Persistent link: https://www.econbiz.de/10012615450
Swedish minimum wages are not regulated by law, but subject to bargaining between employers and trade unions and form part of collective agreements. This paper provides an overview of the Swedish minimum wage system, its characteristics and effects on employment and wages, and also discusses the...
Persistent link: https://www.econbiz.de/10010320277
There is diverging empirical evidence on the competitive effects of horizontal mergers: consumer prices (and thus presumably competitors' profits) often rise while competitors' share prices fall. Our model of endogenous mergers provides a possible reconciliation. It is demonstrated that...
Persistent link: https://www.econbiz.de/10010320063
In a framework where mergers are mutually excluding, I show that firms pursue anti- rather than (alternative) pro-competitive mergers. Potential outsiders to anti-competitive mergers refrain from pursuing pro-competitive mergers if the positive externalities from anti-competitive mergers are...
Persistent link: https://www.econbiz.de/10010320066
We discuss the benefits of net neutrality regulation in the context of a two-sided market model in which platforms sell Internet access services to consumers and may set fees to content and applications providers on the other side of the Internet. When access is monopolized, we find that...
Persistent link: https://www.econbiz.de/10010320106
We propose nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. A properly designed auction would (i) allocate the license to the most efficient bidder; (ii) sell the license if and only if new nuclear power was socially optimal. In particular, capacity...
Persistent link: https://www.econbiz.de/10010320269