How should the government respond to automation? We study this question in a heterogeneous agent model that takes … borrowing is limited. We first show that these frictions result in inefficient automation. Firms fail to internalize that … where the government can tax automation but lacks redistributive tools to fully overcome borrowing frictions. The …

correlated with these other variables). According to our estimates, one more robot per thousand workers reduces the employment to … concern about the future of jobs and wages. We analyze the effect of the increase in industrial robot usage between 1990 and … tasks, we show that robots may reduce employment and wages, and that the local labor market effects of robots can be …

: import tariffs on foreign goods neither raised nor lowered US employment in newly-protected sectors; retaliatory tariffs had … clear negative employment impacts, primarily in agriculture; and these harms were only partly mitigated by compensatory US …

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 …

assume that human work can be decomposed into atomistic tasks that differ in their complexity. Advances in technology make … 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 …

Previous studies for developed countries show negative short-run impacts of automation on employment and earnings. In … this paper, we instead examine whether automation by a key trading partner can hurt workers in a developing country. We … specifically focus in Colombia's labor market, and how the automation in the U.S. impacts Colombian workers by replacing exports …

local labor markets over time, we establish a new fact. Even though both shocks drastically reduced employment in the … manufacturing sector, only robots led to a sizable decline in population size. We provide evidence that negative employment …

reviving domestic manufacturing and employment, paradoxically resulted in a significant drop in hiring domestic talent. The …