Robotics technology and the increasing sophistication of artificial intelligence are breakthrough innovations with significant growth prospects and the potential to disrupt existing economic and social facets of everyday life. Few studies have analyzed the developments of robotics innovation....

As a new service principal, service robots have been increasingly penetrating into service industries. However, it is still unclear whether robots should be introduced to replace or cooperate with human staff as a service principal. To explore into this issue, we establish models about four...

Combining datasets from the U.S. Census Bureau, the Internal Revenue Service, the International Federation of Robotics, EUKLEMS, and COMTRADE, we study the causal effect of industrial automation on income inequality in the U.S. during 2010–2015. We exploit spatial and time variations in...

This paper investigates the effects of labor automation on fertility timing decisions using European panel data, by constructing a measure of local exposure to industrial robotics, and by adopting a Fixed Effect with Two-Stages Least Squares methodology. Higher exposure is associated with an...

This paper investigates the importance of robotics usage on firms' implied cost of equity. We find that robotics (both installations and operational stock) has significant negative explanatory power for a firm's cost of equity. More specifically, robotics contribute to firms' operating...

Labor cost has rapidly increased in the past decades. However, little is known about its effect on the firm-level robot adoption, and evidence about the consequences of robot adoption on firm production is limited. Based on a novel dataset of robot adoption at the firm-level, we use geographic...

Because robots are classified as capital, the replacement of human tasks with robots increases the capital–labor ratio, and the resulting change in the rate of return on capital affects international capital flows. Using panel data for Germany, a major robot-exporting country, this paper shows...