-level robot adoption. Overall, our results highlight the uneven effects of automation on the workforce …

automation, health care, and energy, and correcting these distortions could have sizable welfare benefits …

types of capital: traditional physical capital (machines, assembly lines), industrial robots, and AI. Following the … literature, we assume that industrial robots predominantly substitute for low-skill workers, whereas AI mainly helps to perform …

-based model of AI's effects, working through automation and task complementarities. So long as AI's microeconomic effects are … driven by cost savings/productivity improvements at the task level, its macroeconomic consequences will be given by a version … of Hulten's theorem: GDP and aggregate productivity gains can be estimated by what fraction of tasks are impacted and …

ever more complex tasks amenable to automation. The effects on wages depend on a race between automation and capital … accumulation. If automation proceeds sufficiently slowly, then there is always enough work for humans, and wages may rise forever …. By contrast, if the complexity of tasks that humans can perform is bounded and full automation is reached, then wages …

, the task polarization model, the automation-reinstatement race, and the era of Artificial Intelligence uncertainty. The … effects of technology for productivity and welfare has eroded as understanding has advanced. Given this intellectual …

increases in capital productivity ultimately induce a transition to low-skill automation and qualitatively alter the effects of …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 …