substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …

impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …

substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …

-sector neoclassical framework with agriculture and non-agriculture, we derive the productivity-adjusted aggregate labor income share in … terms of the agricultural productivity gap, and the labor income share in non-agriculture and value-added factor shares. We … theory-based adjustment to our data, the average values for the aggregate and agricultural productivity-adjusted labor income …

substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zoneʺ where wages increase with … productivity, to a "Marxianʺ zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …

inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …

knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …