Showing 1 - 10 of 84
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
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
Persistent link: https://www.econbiz.de/10000370609
Persistent link: https://www.econbiz.de/10001490386
Persistent link: https://www.econbiz.de/10001611436
We examine how the net worth of billionaires relates to their looks, as rated by 16 people of different gender and ethnicity. Surprisingly, their financial assets are unrelated to their beauty; nor are they related to their educational attainment. As a group, however, billionaires are both more...
Persistent link: https://www.econbiz.de/10012660039
How does one's place of residence affect individual behavior and long-run outcomes? Understanding neighborhood and place effects has been a leading question for social scientists during the past half-century. Recent empirical studies using experimental and quasi-experimental research designs...
Persistent link: https://www.econbiz.de/10012585437
. As a consequence, it has promoted inefficiently high levels of automation. Moving from the US tax system in the 2010s to … restore the optimal level of automation. If moving to optimal taxes is infeasible, more modest reforms can still increase … employment by 1.14-1.96%, but in this case efficiency can be increased by imposing an additional automation tax to reduce the …
Persistent link: https://www.econbiz.de/10012482009
were obstacles: the manual switchboard was the fulcrum of a complex system which had developed around it, and automation … profitable for AT&T in larger markets--hence diffusion expanded as costs declined and service areas grew. We show that automation … supported AT&T's continued growth, generating a positive feedback loop between scale and automation that reinforced AT&T's high …
Persistent link: https://www.econbiz.de/10012794608
The decline in the U.S. labor share is far from uniform across firms. While the aggregate labor share has declined, especially in manufacturing, retail, and wholesale, the labor share of a typical firm in these industries has risen. This paper studies the dynamics of the substitution of capital...
Persistent link: https://www.econbiz.de/10012496133