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-related aspects. Labor market pressures are felt around the globe, and robots and automation increasingly become reality. However …
Persistent link: https://www.econbiz.de/10011279740
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 …
Persistent link: https://www.econbiz.de/10011458839
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 …
Persistent link: https://www.econbiz.de/10011555095
Artificial intelligence (AI) is a powerful technology that can be utilized throughout a construction project lifecycle. Transition to incorporate AI technologies in the construction industry has been delayed due to the lack of know-how and research. There is also a knowledge gap regarding how...
Persistent link: https://www.econbiz.de/10012801636
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Robots have radically changed the demand for skills and the role of workers in production. This phenomenon has replaced routine and mostly physical work of blue collar workers, but it has also created positive employment spillovers in other occupations and sectors that require more social...
Persistent link: https://www.econbiz.de/10012652849
What drives investment in automation technologies? This paper documents a positive relationship between labor … substantial share of cross-country variation in automation. The relationship between institutions and robots is stronger in sunk … invest in automation is to thwart rent appropriation by labor. As a consequence, policies aimed at supporting workers …
Persistent link: https://www.econbiz.de/10012626728
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Using a newly collected dataset of robot use at the plant level from 2014 to 2018, we provide the first microscopic portrait of robotisation in Germany and study the potential determinants of robot adoption. Our descriptive analysis uncovers five stylised facts concerning both extensive and,...
Persistent link: https://www.econbiz.de/10012414807