-- 7. Artificial Intelligence, Income, Employment, and Meaning / Betsey Stevenson -- 8. Artificial Intelligence, Automation … / James Bessen -- 11. Public Policy in an AI Economy / Austan Goolsbee -- 12. Should We Be Reassured If Automation in the … Future Looks Like Automation in the Past? / Jason Furman -- 13. R&amp -- D, Structural Transformation, and the Distribution …

expand their overall employment as well. However, this expansion comes at the expense of their competitors (as automation …

We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and … employment. Our task-based framework emphasizes the displacement effect that automation creates as machines and AI replace labor … counteracted by a productivity effect, resulting from the cost savings generated by automation, which increase the demand for labor …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

We examine the differential effects of automation on the labor market and educational outcomes of women relative to men … over the past four decades. Although women were disproportionately employed in occupations with a high risk of automation … link by exploiting variation in local labor market exposure to automation attributable to historical differences in local …

This article reviews the literature on automation and its impact on labor markets, wages, factor shares, and … market trends and the effects of automation technologies. The task model clarifies that automation technologies operate by … task models and the displacement effects of automation. I conclude by discussing shortcomings of the existing literature …

factory automation. We build a novel measure of exposure to computer numerical control (CNC) based on initial variation in …