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Are people algorithm averse, as some previous literature indicates? If so, can the retention of human oversight increase the uptake of algorithmic recommendations, and does keeping a human in the loop improve accuracy? Answers to these questions are of utmost importance given the fast-growing...
Persistent link: https://www.econbiz.de/10014495079
We examine the impact of labor market power on firms' adoption of automation technologies. We develop a model that incorporates labor market power into the task-based theory of automation. We show that, due to higher marginal cost of labor, monopsonistic firms have stronger incentives to...
Persistent link: https://www.econbiz.de/10014495771
This paper examines the impact of the large structural shocks - automation and import competition - on voter turnout during US federal elections from 2000 to 2016. Although the negative income effect of both shocks is comparable, we find that political participation decreases significantly in...
Persistent link: https://www.econbiz.de/10014496382
Persistent link: https://www.econbiz.de/10013399689