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This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data over 1961-2018 for a panel f 90 advanced and emerging economies. We find that increases in both the young and old population shares have significantly negative effects on labor...
Persistent link: https://www.econbiz.de/10012814491
This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data over 1961-2018 for a panel f 90 advanced and emerging economies. We find that increases in both the young and old population shares have significantly negative effects on labor...
Persistent link: https://www.econbiz.de/10012819784
Persistent link: https://www.econbiz.de/10012799311
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well as traditional and automation capital (e.g. robots). Robots can substitute for routine labor. We show that both …
Persistent link: https://www.econbiz.de/10012222578
. The traditional sector produces with labor and capital, whereas the modern sector employs robots instead of labor. We find … that little can prevent the ascent of a modern economy. In particular, whilst robots are perfect substitutes to labor in … produces robots using the homogeneous output good. We find that wages fall with a relative increase in productivity in the …
Persistent link: https://www.econbiz.de/10012990486
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In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … to the negative effects of robots on wages. Additionally, investigating only robotizing sectors does not corroborate …
Persistent link: https://www.econbiz.de/10012695996
Recent evidence suggests that automation technologies entail a trade-off between productivity gains and employment losses for the economies that adopt them. This paper casts doubts on this trade-off in the context of a developing country. It shows significant productivity and employment gains...
Persistent link: https://www.econbiz.de/10012626724