(TFP) that are common across countries. We find that automation displaces employment and reduces labor's share of value … harmonized cross-country and industry data, where we measure automation as industry-level movements in total factor productivity …-added in the industries in which it originates (a direct effect). In the case of employment, these own-industry losses are …

We provide an argument for long-term automation and decline in the labor income share, driven by capital accumulation … rescaled in the same way. Then ongoing capital accumulation gives rise to progressive automation, and the share of labor income …

During the last four decades, the U.S. has experienced a fall in the employment in middle-wage, "routine …, and investment in physical and automation capital. We first use the model to evaluate the distributional consequences of … automation. We find heterogeneity in its impact across different occupations, leading to a significant polarization in welfare …

employment by 1.14-1.96%, but in this case efficiency can be increased by imposing an additional automation tax to reduce the … lower capital taxes with automation taxes can increase employment much more than the uniform reductions in capital taxes …. As a consequence, it has promoted inefficiently high levels of automation. Moving from the US tax system in the 2010s to …

We use a model of automation to show that with the current U.S. tax system, a fall in automation costs could lead to a … there is partial automation …

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 …

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 …

concentration. Data on job destruction and employment change for U.S. manufacturing show unambiguous evidence of concentration …