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the highest wage quartile. Examining complementary versus substitution, we model the impact on side versus core …
Persistent link: https://www.econbiz.de/10015077845
We examine how the adoption of digital automation technology affects labor demand, operations and profitability in the … labor cost increased after the adoption of digital automation technology, attributable to increased labor demand and more … automation technology increased revenue and profit through a reduction in operational cost, improved utilization of warehouse …
Persistent link: https://www.econbiz.de/10015057718
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 …
Persistent link: https://www.econbiz.de/10012031062
estimate robust negative effects of AI exposure on employment across commuting zones and time. We find that AI's impact is … the wage distribution. These results are consistent with the view that AI has contributed to the automation of jobs and to …
Persistent link: https://www.econbiz.de/10014383286
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 …
Persistent link: https://www.econbiz.de/10012597831
Since the beginning of the Industrial Revolution, technological change has led to the automation of existing tasks and … the creation of new ones, as well as the reallocation of labor across occupations and industries. These processes have … with productivity growth. I provide evidence suggesting, however, that in recent decades automation has outpaced the …
Persistent link: https://www.econbiz.de/10012206073
I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy … model to conduct several policy analyses. First, I examine the impact of energy taxes and compare the results to the …
Persistent link: https://www.econbiz.de/10012817938
We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and … business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999-2011. Our main …
Persistent link: https://www.econbiz.de/10013549118
of how automation and artificial intelligence could reshape society and the economy. However, technological shifts in …
Persistent link: https://www.econbiz.de/10014430719
While economic theory suggests substitutability between labor and capital, little evidence exists regarding the causal … effect of labor supply on inventing labor-saving technologies. We analyze the impact of exogenous changes in regional labor … supply on automation innovation by exploiting an immigrant placement policy in Germany during the 1990s and 2000s. Difference …
Persistent link: https://www.econbiz.de/10012241069