Showing 1 - 10 of 3,556
We show, theoretically and empirically, that the effects of technological change associated with automation and … is that better matches enjoy a comparative advantage in exploiting automation and a comparative disadvantage in … exploiting offshoring. It implies that automation (offshoring) may reduce (raise) employment by lengthening (shortening …
Persistent link: https://www.econbiz.de/10012222391
We present a framework for understanding the effects of automation and other types of technological changes on labor … allocation of tasks to capital and labor - the task content of production. Automation, which enables capital to replace labor in … a result, automation always reduces the labor share in value added and may reduce labor demand even as it raises …
Persistent link: https://www.econbiz.de/10012001461
Generative AI (GenAI) and Large Language Models (LLMs) are moving into domains once seen as uniquely human: reasoning, synthesis, abstraction, and rhetoric. Addressed to labor economists and informed readers, this paper clarifies what is truly new about LLMs, what is not, and why it matters....
Persistent link: https://www.econbiz.de/10015444527
The interplay between labour institutions and the adoption of automation technologies remains poorly understood … conditional correlations between the presence of employee representation (ER) and the use of automation technologies. We find that … management. Greater automation in establishments with ER does not seem to result from more adversarial employment relationships …
Persistent link: https://www.econbiz.de/10012304887
This paper investigates the impact of artificial intelligence (AI) adoption in production processes on workplace training practices, using firm-level data from the BIBB establishment panel on training and competence development (2019-2021). The findings reveal that AI adoption reduces the...
Persistent link: https://www.econbiz.de/10015075915
Theory predicts that global economic growth will stagnate and even come to an end due to slower and eventually negative …
Persistent link: https://www.econbiz.de/10014464111
How will the emergence of ChatGPT and other forms of artificial intelligence (AI) affect the skill premium? To address this question, we propose a nested constant elasticity of substitution production function that distinguishes among three types of capital: traditional physical capital...
Persistent link: https://www.econbiz.de/10014529725
We study the age- and gender-specific labour market effects of two key modern technologies, Information and Communication Technologies (ICT) and robots, in 14 European countries between 2010 and 2018. To identify the causal effects of technology adoption, we utilise the variation in technology...
Persistent link: https://www.econbiz.de/10013470097
Job training is widely regarded as crucial for protecting workers from automation, yet there is a lack of empirical … countries, we construct an individual-level measure of automation risk based on tasks performed at work. Our analysis reveals … substantial within-occupation variation in automation risk, overlooked by existing occupation-level measures. To assess whether …
Persistent link: https://www.econbiz.de/10015143906
This study examines the impact of a technological change on employment and wages, focusing on the adoption of power looms in the silk-weaving industry. Exploiting plant-level panel data from 20th century Japan, we demonstrate that at the plant level, the power loom adaption increased the...
Persistent link: https://www.econbiz.de/10014502980