financial markets. Two different methods are used: (i) a trading robot approach to examine whether or not there is such an …

complement non-routine labor. I show that while it is optimal to distort robot adoption, robots may be either taxed or subsidized …. The robot tax exploits general-equilibrium effects to compress the wage distribution. Wage compression reduces income …-tax distortions of labor supply, thereby raising welfare. In the calibrated model, the optimal robot tax for the US is positive and …

This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot …

&D business functions. We do not find any direct effects of robot adoption; robotization affects labor only indirectly, by …

in the economy? To answer these important questions, we combine novel patent-based measures of AI and robot exposure with …

-country general equilibrium model featuring oligopolistic multinational robot sellers. Using this model, I find that MNEs' market …