higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of …

central role of automation and new tasks in recent labor market trends. We also explain how general equilibrium effects …

throughout the economy. Vigorous entrepreneurship and innovation by small and medium enterprises are key for such technology …

. In particular, it examines: the risk of automation; whether labour markets are polarising; and the potential benefits …

This paper studies the effects of automation in economies with labor market distortions that generate worker rents--wages … above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage … losses from automation. It also reduces within-group wage dispersion for exposed groups. Automation-driven rent dissipation …

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … suggestive evidence that equilibrium distortions in the direction of technology can be substantial in the context of industrial … automation, health care, and energy, and correcting these distortions could have sizable welfare benefits …