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Persistent link: https://www.econbiz.de/10011904305
changes in particular, automation that displaces workers from tasks they used to perform, and the creation of new tasks that … that automation: (i) powerfully impacts inequality; (ii) can reduce real wages; and (iii) can generate realistic changes in …-level estimates of displacement driven by automation and reinstatement due to new tasks, we show that displacement is associated with …
Persistent link: https://www.econbiz.de/10012479205
We present a framework for understanding the effects of automation and other types of technological changes on labor … allocation of tasks to capital and labor--the task content of production. Automation, which enables capital to replace labor in … a result, automation always reduces the labor share in value added and may reduce labor demand even as it raises …
Persistent link: https://www.econbiz.de/10012479636
on robots and trade, the magnitude of these taxes may decrease as the process of automation and globalization deepens and …
Persistent link: https://www.econbiz.de/10012480754
We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular … older to middle-aged workers--is associated with greater adoption of robots and other automation technologies across … development of automation technologies in countries undergoing greater demographic change. Our directed technological change model …
Persistent link: https://www.econbiz.de/10012453293
Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity slowdown. Complementarity across occupations and...
Persistent link: https://www.econbiz.de/10012453357
computerization and automation, have been characterized as "routine-substituting." They have reduced the demand for routine tasks, but …
Persistent link: https://www.econbiz.de/10012453779
evaluate the global consequences of automation. Automation, modeled as capital- and high-skill biased technological change, is … a range of foundational models of automation. In our baseline scenario, automation has a moderate effect on regional … of the advanced technology and providing universal basic income to share gains from automation. The former policy can …
Persistent link: https://www.econbiz.de/10012629440
by the relative wage declines of worker groups specialized in routine tasks in industries experiencing rapid automation … capital. Automation technologies expand the set of tasks performed by capital, displacing certain worker groups from … between 1980 and 2016. Our task displacement variable captures the effects of automation technologies (and to a lesser degree …
Persistent link: https://www.econbiz.de/10012585404
created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …
Persistent link: https://www.econbiz.de/10012456424