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Artificial intelligence, jobs, inequality and productivity : does aggregate demand matter?
Gries, Thomas; Naudé, Wim - 2018
inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …
Persistent link: https://www.econbiz.de/10011951702
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The race of man and machine: implications of technology when abilities and demand constraints matter
Gries, Thomas; Naudé, Wim - 2021
impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
Persistent link: https://www.econbiz.de/10012517812
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A general model of technical change with an application to the OECD countries
Heshmati, Almas; Kumbhakar, Subal - 2011
productivity growth ; technology indicator ; technology shifter ; OECD countries …
Persistent link: https://www.econbiz.de/10009425734
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Artificial intelligence, income distribution and economic growth
Gries, Thomas; Naudé, Wim - 2020
substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
Persistent link: https://www.econbiz.de/10012266990
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The race against the robots and the fallacy of the giant cheesecake : immediate and imagined impacts of artificial intelligence
Naudé, Wim - 2019
After a number of AI-winters, AI is back with a boom. There are concerns that it will disrupt society. The immediate concern is whether labor can win a 'race against the robots' and the longer-term concern is whether an artificial general intelligence (super-intelligence) can be controlled. This...
Persistent link: https://www.econbiz.de/10011993083
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Estimation of technical change and TFP growth based on observable technology shifters
Heshmati, Almas; Rashidghalam, Masoomeh - 2016
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of …
Persistent link: https://www.econbiz.de/10011595871
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How robots change within-firm wage inequality
Barth, Erling; Røed, Marianne; Schøne, Pål; Umblijs, … - 2020
-premium within firms. Furthermore, we find that employees in managerial positions benefit more from robotisation than those in STEM …
Persistent link: https://www.econbiz.de/10012266979
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Demography of global aging
Bloom, David E.; Mitgang, Elizabeth; Osher, Benjamin - 2016
Individuals aged 65 years and older currently make up a larger share of the population than ever before, and this group is predicted to continue growing both in absolute terms and relative to the rest of the population. This chapter begins by introducing the facts, figures, and forecasts...
Persistent link: https://www.econbiz.de/10011528113
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Population aging and economic growth : from demographic dividend to demographic drag?
Kotschy, Rainer; Bloom, David E. - 2023
This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from...
Persistent link: https://www.econbiz.de/10014326800
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Population growth and carbon emissions
Casey, Gregory; Galor, Oded - 2016
We provide evidence that lower fertility can simultaneously increase income per capita and lower carbon emissions, eliminating a trade-off central to most policies aimed at slowing global climate change. We estimate the effect of lower fertility on carbon emissions accounting for the fact that...
Persistent link: https://www.econbiz.de/10011581727