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these tasks are designed to be used by skilled workers, productivity in the LDCs will be low. Even when all countries have … factor productivity and output per worker. Our theory also suggests that productivity differences should be highest in medium … effect on the direction of technical change and on productivity differences …
Persistent link: https://www.econbiz.de/10012471932
is inefficient and reduces (and could even negate) the productivity gains from automation. Using data for the US from … contribution. We also estimate that inefficient rent dissipation offset 60-90% of the productivity gains from automation since 1980 …
Persistent link: https://www.econbiz.de/10014576564
Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...
Persistent link: https://www.econbiz.de/10012460665
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10012459669
productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage …, especially in manufacturing, a weaker reinstatement effect, and slower growth of productivity than in previous decades …
Persistent link: https://www.econbiz.de/10012479636
We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...
Persistent link: https://www.econbiz.de/10014247929
labor productivity and lower labor shares. In particular, the use of these technologies is associated with a 11.4% higher … labor productivity, which accounts for 20-30% of the difference in labor productivity between large firms and the median …
Persistent link: https://www.econbiz.de/10013462707
The study of the bias of new technologies is important both as part of the analysis of the nature of technology adoption and the direction of technological change, and to understand the distributional implications of new technologies. In this paper, I analyze the equilibrium bias of technology....
Persistent link: https://www.econbiz.de/10012466826
This paper argues that unemployment insurance increases labor productivity by encouraging workers to seek higher … productivity jobs, and by encouraging firms to create those jobs. We use a quantitative general equilibrium model to investigate …
Persistent link: https://www.econbiz.de/10012471432
also affects the real wage of other workers. Counteracting these forces, automation creates a positive productivity effect …, pushing up the price of all factors. Because capital adjusts to keep the interest rate constant, the productivity effect …
Persistent link: https://www.econbiz.de/10012453594