of how automation and artificial intelligence could reshape society and the economy. However, technological shifts in …

a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation … vulnerable to holdup. This suggests that automation is used by producers as a tool to thwart rent appropriation by 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 …

Since the beginning of the Industrial Revolution, technological change has led to the automation of existing tasks and … with productivity growth. I provide evidence suggesting, however, that in recent decades automation has outpaced the …

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 …

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 …