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What is the effect of robots and tools on employment and inequality? Using natural language processing and an instrumental variable approach, we discover that robots have led to a sizable decrease in the employment and wages of low-skill workers in operational occupations. However, tools -...
Persistent link: https://www.econbiz.de/10014433805
Persistent link: https://www.econbiz.de/10012196895
What is the effect of robots and tools on employment and inequality? Using natural language processing and an instrumental variable approach, we discover that robots have led to a sizable decrease in the employment and wages of low-skill workers in operational occupations. However, tools -...
Persistent link: https://www.econbiz.de/10014443829
effects of automation. We isolate a new theoretical mechanism: automation increases inequality via returns to wealth. The flip … side of such return movements is that automation is more likely to lead to stagnant wages and therefore stagnant incomes at … productive and safe assets and show that the relevant return measures have increased over time. Automation accounts for part of …
Persistent link: https://www.econbiz.de/10013241327
Do higher wages lead to more automation innovation? To answer this question, we first use the frequency of certain … keywords in patent text to create a new measure of automation innovation in machinery. We show that our measure is correlated …-level panel analysis, we find that an increase in low-skill wages leads to more automation innovation with an elasticity between 2 …
Persistent link: https://www.econbiz.de/10013230478
Persistent link: https://www.econbiz.de/10011544970
Persistent link: https://www.econbiz.de/10011623493
This study builds on Autor and Dorn's (2013) classification of automatable work at the three-digit occupation code level to identify additional jobs that will be automatable in the next decade by drawing on patent data. Based on this new classification the study provides estimates of the share...
Persistent link: https://www.econbiz.de/10012864855
This study builds on Autor and Dorn's (2013) classification of automatable work at the three-digit occupation code level to identify additional jobs that will be automatable in the next decade by drawing on patent data. Based on this new classification the study provides estimates of the share...
Persistent link: https://www.econbiz.de/10012059642
Rapid technological progress poses challenges for labor markets. Automation can both displace and create jobs … further decline in the labor share of national income. This paper reviews the impact of automation and artificial intelligence …
Persistent link: https://www.econbiz.de/10012490567