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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 …
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institutions – specifically shop-floor worker representation – mediate the impact of automation. Combining German individual … incumbent workers during automation events. When labor markets are tight and replacement costs are high, incumbent workers …
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automation risk of their occupation, especially those in high-automatability occupations. Randomized information about their …
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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 …
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This paper examines the impact of the large structural shocks - automation and import competition - on voter turnout …
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We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of … intermediate complexity are assigned to capital. Interior automation arises when the most skilled workers have a comparative …
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