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 …

indicator for the labour intensity of output growth the employment threshold (the minimum growth rate of output necessary to … keep employment constant). We show for a sample of 17 OECD countries for the period 1971 to 2002 that the strictness of … employment protection raises the employment threshold in all econometric specifications. A higher wage bargaining coordination …

This paper estimates the effect of innovation on employment at the firm level. Our uniquely long innovation panel data … panel GMM system estimation we find positive effects of innovation on employment. This result is robust to the use of …

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 …

This paper estimates the effect of innovation on employment at the firm level. Our uniquely long innovation panel data … panel GMM system estimation we find positive effects of innovation on employment. This result is robust to the use of …

indicator for the labour intensity of output growth the employment threshold (the minimum growth rate of output necessary to … keep employment constant). We show for a sample of 17 OECD countries for the period 1971 to 2002 that the strictness of … employment protection raises the employment threshold in all econometric specifications. A higher wage bargaining coordination …

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