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Will the AI Revolution Cause a Great Divergence?
Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2021
This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
Persistent link: https://www.econbiz.de/10013315108
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Secular Drivers of the Global Real Interest Rate
Rachel, Lukasz; Smith, Thomas - 2015
schedule has shifted out in recent decades due to demographic forces, higher inequality and to a lesser extent the glut of …
Persistent link: https://www.econbiz.de/10014131065
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Labor Exposure to Climate Change and Capital Deepening
Xiao, Zhanbing - 2023
Rising temperatures induced by climate change generate two types of climate risks that raise labor costs of firms relying on outdoor workers: (1) physical risk - lower labor productivity in high temperatures; (2) regulatory risk - governments introducing regulations to protect workers against...
Persistent link: https://www.econbiz.de/10014344323
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Education, Growth and Income Inequality
Teulings, Coen N.; van Rens, Thijs - 2002
-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …
Persistent link: https://www.econbiz.de/10010324788
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Education, growth and income inequality
Teulings, Coen N.; Rens, Thijs van - 2003 - This version: February 2003
-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …
Persistent link: https://www.econbiz.de/10011325967
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Trade, education, and income inequality
Brückner, Markus; Long, Ngo Van; Vespignani, Joaquin - 2020
population are educated, an increase in non-gravity trade is associated with a significant increase in income inequality. As … education of the population increases the correlation between non-gravity trade and income inequality becomes smaller. Non …-gravity trade has no significant effect on income inequality in countries that are world leaders in education. …
Persistent link: https://www.econbiz.de/10012231516
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Unbundling the relationship between economic shocks and crime
Ferraz, Eduardo; Soares, Rodrigo Reis; Vargas, Juan F. - 2021
level of economic inequality, the institutional strength and law enforcement capacity of the state, and whether there are …
Persistent link: https://www.econbiz.de/10012800583
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Technological progress, globalization, and secular stagnation
Popović, Milenko - 2017
After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward shift of its growth path and a consequent decline. As shown at the beginning of this paper, this shift and growth rate stagnation are totally attributable to the economic dynamics...
Persistent link: https://www.econbiz.de/10011789200
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What determines the share of labour in national income? A cross-country analysis
Guerriero, Marta; Sen, Kunal - 2012
Recent evidence on functional income distribution suggests that the shares of capital and labour in national income vary considerably both over time and across countries. Specifically, there seems to be a general reduction in the labour share around the world, in particular from the mid-1980s...
Persistent link: https://www.econbiz.de/10010283932
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What determines the share of labour in national income? : a cross-country analysis
Guerriero, Marta; Sen, Kunal - 2012
Recent evidence on functional income distribution suggests that the shares of capital and labour in national income vary considerably both over time and across countries. Specifically, there seems to be a general reduction in the labour share around the world, in particular from the mid-1980s...
Persistent link: https://www.econbiz.de/10009548636