This article reviews the literature on automation and its impact on labor markets, wages, factor shares, and … market trends and the effects of automation technologies. The task model clarifies that automation technologies operate by … task models and the displacement effects of automation. I conclude by discussing shortcomings of the existing literature …

on robots and trade, the magnitude of these taxes may decrease as the process of automation and globalization deepens and …

factory automation. We build a novel measure of exposure to computer numerical control (CNC) based on initial variation in …

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 …

control (CNC), an important type of flexible automation which can significantly increase productivity, product variety and …

We provide an argument for long-term automation and decline in the labor income share, driven by capital accumulation … rescaled in the same way. Then ongoing capital accumulation gives rise to progressive automation, and the share of labor income …

changes in particular, automation that displaces workers from tasks they used to perform, and the creation of new tasks that … that automation: (i) powerfully impacts inequality; (ii) can reduce real wages; and (iii) can generate realistic changes in …-level estimates of displacement driven by automation and reinstatement due to new tasks, we show that displacement is associated with …