We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While … automation implies constant returns to capital within this model class (even in the absence of technological progress), we show … that it does not have the potential to lead to positive long-growth. The reason is that automation suppresses wages, which …

stagnation. The reason is that automation suppresses wages, which are the only source of investment in the overlapping …We analyze the long-run growth effects of automation in the standard overlap- ping generations framework. We show that …, in contrast to other neoclassical models of capital accumulation, automation does not promote growth but induces economic …

. The reason is that automation suppresses wage income, which is the only source of investment in the overlapping … modeling structure of saving/investment decisions matters for the derived economic impact of automation. In addition, we show …We assess the long-run growth effects of automation in the overlapping generations framework. Although automation …

stagnation. The reason is that automation suppresses wages, which are the only source of investment in the overlapping …We analyze the long-run growth effects of automation in the standard overlap- ping generations framework. We show that …, in contrast to other neoclassical models of capital accumulation, automation does not promote growth but induces economic …

. The reason is that automation suppresses wage income, which is the only source of investment in the overlapping … modeling structure of saving/investment decisions matters for the derived economic impact of automation. In addition, we show …We assess the long-run growth effects of automation in the overlapping generations framework. Although automation …

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational …-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour …" conditions, no information is acquired and no investment made. In "sweet" conditions, investment is made "blindly", i.e. without …

We analyze the effects of declining population growth on automation. A simple theoretical model of capital accumulation … predicts that countries with lower population growth introduce automation technologies earlier. We test the theoretical … specifications, and changes to the measurement of the stock of robots. …

We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of … automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed …

We introduce automation into the standard Solovian model of capital accumulation and show that (i) there is the … diverted to automation that maximizes the long-run growth rate of the economy; (iv) the labor share declines with automation to …