We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While … automation implies constant returns to capital within this model class (even in the absence of technological progress), we show … that it does not have the potential to lead to positive long-growth. The reason is that automation suppresses wages, which …

We investigate the impact of product market competition on firms’ automation investments. We use a rich combination of … competition in export markets tend to reduce investments in automation technologies. These average negative effects are driven by … the least productive firms, while the most efficient exporters in industries that are more prone to automation tend to …

We examine the impact of labor market power on firms' adoption of automation technologies. We develop a model that … incorporates labor market power into the task-based theory of automation. We show that, due to higher marginal cost of labor … employment effects of automation. Using data from US commuting zones, our results show that commuting zones that are more exposed …

well as traditional and automation capital (e.g. robots). Robots can substitute for routine labor. We show that both … rise. Although expected advances in automation technologies are able to mitigate or even circumvent output losses in the …