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Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...
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We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular, to more intensive use and development of robots. Using US data, we document that robots substitute for middle-aged workers (those between the ages of (36 and 55). We then show...
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We document a change in the character and quality of Turkish economic growth with a turning point around 2007 and link … this change to the reversal in the nature of economic institutions, which eat underwent a series of growth … responsible for the lower-paced and lower-quality growth Turkey has been experiencing since about 2007 …
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