Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the … Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital …. Traditional capital and labor are imperfect substitutes whereas automation capital and labor are perfect substitutes. In this …

processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform … and substitute for labor in the performance of tasks. Automation is labor-augmenting in the reduced-form aggregate … though the aggregate production function is Cobb-Douglas. Population aging due to a higher longevity reduces automation in …

change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor … taxation, automation capital, and capital adjustment costs. Labor and automation capital are perfect substitutes whereas labor …

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the … Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital …. Traditional capital and labor are imperfect substitutes whereas automation capital and labor are perfect substitutes. In this …

between robot imports and employment, exogenous changes in automation lead to job losses. We also find that robot imports … increase productivity and the employment share of high-skill professions, but have a weak effect on total sales. The latter … result suggests that productivity gains from automation may not be entirely passed on to consumers in the form of lower …

processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform … and substitute for labor in the performance of tasks. Automation is labor-augmenting in the reduced-form aggregate … though the aggregate production function is Cobb-Douglas. Population aging due to a higher longevity reduces automation in …

We study the effect of Artificial Intelligence (AI) on employment across US commuting zones over the period 2000 … occupational data. Using a shift-share instrument that combines industry-level AI adoption with local industry employment, we … estimate robust negative effects of AI exposure on employment across commuting zones and time. We find that AI's impact is …

I study the effects of service offshoring on white-collar employment, using highly disaggregated occupational data for … the high degree of censoring of the employment variable and the small cross-sectional dimension of the panel. I find that … service offshoring is skill-biased, because it raises employment among high-skilled occupations and lowers employment among …

union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate …