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We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular … older to middle-aged workers—is associated with greater adoption of robots and other automation technologies across … development of automation technologies in countries undergoing greater demographic change. Our directed technological change model …
Persistent link: https://www.econbiz.de/10012924461
Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity slowdown. Complementarity across occupations and...
Persistent link: https://www.econbiz.de/10012926403
We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and … employment. Our task-based framework emphasizes the displacement effect that automation creates as machines and AI replace labor … counteracted by a productivity effect, resulting from the cost savings generated by automation, which increase the demand for labor …
Persistent link: https://www.econbiz.de/10012930347
COVID-19 may accelerate the automation of jobs, as employers invest in technology to adapt the production process to … safeguard against current and potential future pandemics. We identify occupations that have high automation potential and also …
Persistent link: https://www.econbiz.de/10012828472
We present a framework for understanding the effects of automation and other types of technological changes on labor … allocation of tasks to capital and labor—the task content of production. Automation, which enables capital to replace labor in … a result, automation always reduces the labor share in value added and may reduce labor demand even as it raises …
Persistent link: https://www.econbiz.de/10012889965
on robots and trade, the magnitude of these taxes may decrease as the process of automation and globalization deepens and …
Persistent link: https://www.econbiz.de/10012910297
harmonized cross-country and industry data, where we measure automation as industry-level movements in total factor productivity … (TFP) that are common across countries. We find that automation displaces employment and reduces labor's share of value …
Persistent link: https://www.econbiz.de/10012913781
automation further compound the challenge of job creation, which is already quite sizable in historical perspective. Failure to …
Persistent link: https://www.econbiz.de/10012914276
created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …
Persistent link: https://www.econbiz.de/10012992141
Recent technological changes have been characterized as “routine-substituting,” reducing demand for routine tasks but increasing it for analytical and service tasks. Little is known about how these changes have impacted immigration, or task specialization between immigrants and natives. In...
Persistent link: https://www.econbiz.de/10012945606