Showing 1 - 10 of 60
COVID-19 has exacerbated concerns about the rise of the robots and other automation technologies. This paper analyzes …
Persistent link: https://www.econbiz.de/10013243046
average, perform more routine tasks than men?tasks that are more prone to automation. To quantify the impact on jobs, we … relate data on task composition at work to occupation level estimates of probability of automation, controlling for a rich … workers are at a significantly higher risk for displacement by automation than male workers, with 11 percent of the female …
Persistent link: https://www.econbiz.de/10012868465
This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to increase in their technological distance from the leader. This assumption is motivated by the observation the more technologically advanced the leader is, the harder it is for a...
Persistent link: https://www.econbiz.de/10012843497
In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the...
Persistent link: https://www.econbiz.de/10012977842
The COVID-19 crisis has had a tremendous economic impact for all countries. Yet, assessing the full impact of the crisis has been frequently hampered by the delayed publication of official GDP statistics in several emerging market and developing economies. This paper outlines a machine-learning...
Persistent link: https://www.econbiz.de/10014083501
We introduce unFEAR, Unsupervised Feature Extraction Clustering, to identify economic crisis regimes. Given labeled crisis and non-crisis episodes and the corresponding features values, unFEAR uses unsupervised representation learning and a novel mode contrastive autoencoder to group episodes...
Persistent link: https://www.econbiz.de/10013250097
This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, industries and worker skill groups, using a newly assembled dataset, and analyzes the drivers behind it. Technological progress, along with...
Persistent link: https://www.econbiz.de/10012948533
changes in technology that are linked to the automationof routine tasks, followed by trade globalization …
Persistent link: https://www.econbiz.de/10012948535
Recent technological developments and past technology transitions suggest that the worldcould be on the verge of a profound shift in transportation technology. The return of the electriccar and its adoption, like that of the motor vehicle in place of horses in early 20th century,could cut oil...
Persistent link: https://www.econbiz.de/10012955171
Evidence that the automation of routine tasks has contributed to the polarization of labor markets hasbeen documented …
Persistent link: https://www.econbiz.de/10012913888