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Die Fähigkeit zu erfolgreicher technologischer Innovation, in ihrer Bedeutung für wirtschaftliches Wachstum und unternehmerische Wettbewerbsfähigkeit unbestritten, ist im Verlauf zunehmender Intensivierung des Globalisierungsprozesses wieder zu einem hochaktuellen Thema in Wissenschaft,...
Persistent link: https://www.econbiz.de/10005850181
In recent years, the number of automation projects has increased throughout the Finance Industry and particularly in … securities trading and processing. The same observation can be made for corporate actions automation projects. Corporate actions …
Persistent link: https://www.econbiz.de/10005856965
Economists typically make simplifying assumptions to make the solution and estimation of their highly complex models feasible. These simplifications include approximating the true nonlinear dynamics of the model, disregarding aggregate uncertainty or assuming that all agents are identical. While...
Persistent link: https://www.econbiz.de/10013479448
Numerous empirical studies have shown evidence of nonlinearities in financial time series, which can be of both a deterministic and a stochastic nature. Chaos is an example of the former, and heteroscedasticity in the conditional variance an example of the latter. We apply a test, the BDS test,...
Persistent link: https://www.econbiz.de/10013208396
Testing serial dependence is central to much of time series econometrics. A number of tests that have been developed and used to explore the dependence properties of various processes. This paper builds on recent work on nonparametric tests of independence. We consider a fact that characterises...
Persistent link: https://www.econbiz.de/10010284152
What is the effect of robots and tools on employment and inequality? Using natural language processing and an instrumental variable approach, we discover that robots have led to a sizable decrease in the employment and wages of low-skill workers in operational occupations. However, tools -...
Persistent link: https://www.econbiz.de/10014480476
During the Second Industrial Revolution, in the late nineteenth century, the proliferation of automation technologies … growing occupations affected by automation technologies. …
Persistent link: https://www.econbiz.de/10014480593
The Covid-19 pandemic has accelerated trends in automation as many employers seek to save on labor costs amid … explored how automation may displace nonspecialized jobs, there is typically less attention paid to how this displacement may … estimated risk of automation and underrepresented in the 30 occupations with the lowest estimated risk of automation. The …
Persistent link: https://www.econbiz.de/10014480645
We use individual survey data providing detailed information on stress, technology adoption, and work, worker, and employer characteristics, in combination with recent measures of AI and robot exposure, to investigate how new technologies affect worker stress. We find a persistent negative...
Persistent link: https://www.econbiz.de/10014581241
In this paper, I first show that Swedish job polarization is - contrary to common belief - a long-run phenomenon: the share of middle-wage jobs has declined relative to the highest- and lowest-paid jobs since at least the 1950s. Based on previous results for the US, I then demonstrate that the...
Persistent link: https://www.econbiz.de/10012013506