We identify total factor productivity (TFP) news shocks using standard VAR methodology and document a new stylized fact …

inventories react strongly and positively to news about future increases in total factor productivity. Theory suggests that the …

ideology scores from the Manifesto Project. We measure exposure to automation both at the regional level, based on the ex …

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 …

supply on automation innovation by exploiting an immigrant placement policy in Germany during the 1990s and 2000s. Difference …-in-differences estimates indicate that one additional worker per 1,000 manual and unskilled workers reduces automation innovation by 0 …

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 …

This paper examines the labor market adjustments to four automation technologies (i.e. robots, communication technology … measure of technology penetration, we estimate changes in regional employment and wages affected by automation technologies … along with the reallocation of workers between sectors. We find that labor market adjustments to automation technologies …