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In this chapter, we first discuss the limitations of traditional financial advice, which led to the emergence of robo-advising. We then describe the main features of robo-advising and propose a taxonomy of robo-advisors based on four defining dimensions---personalization, discretion,...
Persistent link: https://www.econbiz.de/10012836714
complement non-routine labor. I show that while it is optimal to distort robot adoption, robots may be either taxed or subsidized … generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …I study the optimal taxation of robots and labor income. In the model, robots substitute for routine labor and …
Persistent link: https://www.econbiz.de/10012892266
We investigate the impact of robot adoption on electoral outcomes in 14 Western European countries, between 1993 and …-sample employment patterns in the region of residence. We instrument robot adoption in each country using the pace of robot adoption in … other countries. Higher exposure to robot adoption is found to increase support for nationalist and radical-right parties …
Persistent link: https://www.econbiz.de/10012865699
We study the implications of robot adoption at the level of individual firms using a rich panel data-set of Spanish … manufacturing firms over a 27-year period (1990-2016). We focus on three central questions: (1) Which firms adopt robots? (2) What … are the labor market effects of robot adoption at the firm level? (3) How does firm heterogeneity in robot adoption affect …
Persistent link: https://www.econbiz.de/10012871754
We use French data over the 1994-2013 period to study how imports of industrial robots affect firm-level outcomes …. Compared to other firms operating in the same 5-digit sector, robot importers are larger, more productive, and employ a higher … share of managers and engineers. Over time, robot import occurs after periods of expansion in firm size, and is followed by …
Persistent link: https://www.econbiz.de/10013314850
Robots have radically changed the demand for skills and the role of workers in production. This phenomenon has replaced … occupations and sectors that require more social interaction and managing skills. This study examines how the exposure to robots … on the United States and find that in regions that were more exposed to robots, gender gaps in income and labor force …
Persistent link: https://www.econbiz.de/10013322784
This study explores the relationship between the adoption of industrial robots and workplace injuries. Using … establishment-level data on injuries, we find that a one standard deviation increase in our commuting zone-level measure of robot … to robot penetration experience a significant increase in drug- or alcohol-related deaths and mental health problems …
Persistent link: https://www.econbiz.de/10014081586
This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot …
Persistent link: https://www.econbiz.de/10014534326
Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy are based on theoretical models that assume foreign manufacturers sell directly to consumers. However, recent empirical evidence suggests that wholesalers and retailers play an...
Persistent link: https://www.econbiz.de/10010352394
Based on a theoretical model featuring heterogeneous retailers that may source globally and operate as chains, we derive a number of hypotheses that link trade integration to retail firm performance and to the structure of retail markets. We empirically test these predictions using Danish...
Persistent link: https://www.econbiz.de/10011872156