Showing 1 - 10 of 6,204
This paper explores the geographic overlap of trade and technology shocks across local labor markets in the United States. Regional exposure to technological change, as measured by specialization in routine task-intensive production and clerical occupations, is largely uncorrelated with regional...
Persistent link: https://www.econbiz.de/10012459721
immigration may have played in enabling U.S. commuting zones to respond to manufacturing job loss caused by import competition … industries that would later see increased import penetration from China. The foreign-born share of the working-age population in …
Persistent link: https://www.econbiz.de/10013537796
Since 1980, US wage growth has been fastest in large cities. Empirically, we show that most of this urban-biased growth reflects wage growth at large Business Services firms, which are also the most intensive users of information and communications technology (ICT) capital in the US economy. We...
Persistent link: https://www.econbiz.de/10013388871
We examine the influence of physical proximity on between-startup knowledge spillovers at one of the largest technology co-working hubs in the United States. Relying on the random assignment of office space to the hub's 251 startups, we find that proximity positively influences knowledge...
Persistent link: https://www.econbiz.de/10013334339
import competition and the introduction of industrial robots. Exploiting plausibly exogenous variation in exposure across US …
Persistent link: https://www.econbiz.de/10013210076
Will smart machines replace humans like the internal combustion engine replaced horses? If so, can putting people out of work, or at least out of good work, also put the economy out of business? Our model says yes. Under the right conditions, more supply produces, over time, less demand as the...
Persistent link: https://www.econbiz.de/10012457725
. Adverse impacts of import competition on manufacturing employment, overall employment-population ratios, and income per capita … in more trade-exposed U.S. commuting zones are present out to 2019. Over the full study period, greater import … that the China trade shock holds lessons for other episodes of localized job loss. Import competition from China induced …
Persistent link: https://www.econbiz.de/10012660079
In the two decades straddling China's WTO accession, the China Shock, i.e. the rapid trade integration of China in the early 2000's, has had a profound economic impact across U.S. regions. It is now both an internationally litigated issue and the casus belli for a global trade war. Were its...
Persistent link: https://www.econbiz.de/10012482292
We analyze how output and wages behave under different scenarios for technological progress that may culminate in Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can perform. We assume that human work can be decomposed into atomistic...
Persistent link: https://www.econbiz.de/10014512109
This paper evaluates claims about large macroeconomic implications of new advances in AI. It starts from a task-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...
Persistent link: https://www.econbiz.de/10014544765