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, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which …
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We present a framework for understanding the effects of automation and other types of technological changes on labor demand, and use it to interpret changes in US employment over the recent past. At the center of our framework is the allocation of tasks to capital and labor - the task content of...
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This paper points out that modeling automation as factor-augmenting technological change has several unappealing implications. Instead, modeling it as the process of machines replacing tasks previously performed by labor is both descriptively realistic and leads to distinct and empirically...
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further predicts that the induced adoption of automation technology should be more pronounced in industries that rely more on … aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor …
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