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 …

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 …

consequence of the fact that automation reduces the cost of producing using labor, and thus discourages further automation and … 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 …

consequence of the fact that automation reduces the cost of producing using labor, and thus discourages further automation and … 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 …

by the relative wage declines of worker groups specialized in routine tasks in industries experiencing rapid automation … capital. Automation technologies expand the set of tasks performed by capital, displacing certain worker groups from … between 1980 and 2016. Our task displacement variable captures the effects of automation technologies (and to a lesser degree …

consequence of the fact that automation reduces the cost of producing using labor, and thus discourages further automation and … 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 …