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, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which … labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current … humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus …
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, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which … labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current … humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus …
Persistent link: https://www.econbiz.de/10012005993
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To understand the effects of automation and other types of technological changes on European labor demand, we use a … technologies on labor demand. At the center of the framework is the task content of production|measuring the allocation of tasks to … factors of production. Automation, by creating a displacement effect, shifts the task content of production against labor …
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productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage … allocation of tasks to capital and labor - the task content of production. Automation, which enables capital to replace labor in … - due to automation and new tasks - can be inferred from industry-level data. Our empirical decomposition suggests that the …
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capital, the deepening of automation (whereby machines be-come more productive in tasks that are already automated), and the …This paper points out that modeling automation as factor-augmenting technological change has several unappealing … implications. Instead, modeling it as the process of machines replacing tasks previously performed by labor is both descriptively …
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