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Innovation, Automation, and Inequality: Policy Challenges in the Race against the Machine
Prettner, Klaus; Strulik, Holger - 2019
We analyze the effects of R&D-driven automation on economic growth, education, and inequality when high-skilled workers …-driven growth leads to an increasing population share of college graduates, increasing income and wealth inequality, and a declining …
Persistent link: https://www.econbiz.de/10011967467
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Finance, Trade, Man and Machines: A New-Ricardian Heckscher-Ohlin-Samuelson Model
Marjit, Sugata; Das, Gouranga G. - 2023
This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of credit or financial capital as past savings, finances...
Persistent link: https://www.econbiz.de/10013473422
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Collateral Damage? Labour Market Effects of Competing with China – at Home and Abroad
Cabral, Sónia; Martins, Pedro S.; Pereira dos Santos, João - 2020
The increasing range and quality of China’s exports is a major development internationally with potentially far-reaching effects. In this paper, on top of the direct labour market effects of imports from China studied in previous research, we also measure the indirect effects stemming from...
Persistent link: https://www.econbiz.de/10012264710
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Technological Unemployment Revisited: Automation in a Search and Matching Framework
Cords, Dario; Prettner, Klaus - 2019
Will low-skilled workers be replaced by automation? To answer this question, we set up a search and matching model that features two skill types of workers and includes automation capital as an additional production factor. Automation capital is a perfect substitute for low-skilled workers and...
Persistent link: https://www.econbiz.de/10011960167
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Artificial Intelligence, Income Distribution and Economic Growth
Gries, Thomas; Naudé, Wim - 2020
The economic impact of Artificial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard represen- tative household assumption is rejected,...
Persistent link: https://www.econbiz.de/10012261875
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Still the lands of equality? On the heterogeneity of individual factor income shares in the Nordics
Iacono, Roberto; Palagi, Elisa - 2020
As far as standard measures of income inequality are concerned, the Nordic countries rank among the most equal … economies in the world. This paper studies whether and how this picture changes when the focus is on inequality of income … all the Nordic countries since the early 1990s, with rising inequality in composition of individual incomes due mostly to …
Persistent link: https://www.econbiz.de/10012290031
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EU-induced Financialisation and Its Impact on the Greek Wage Share, 1999-2021
Gouzoulis, Giorgos; Iliopoulos, Panagiotis; Galanis, Giorgos - 2022
This paper examines the determinants of the income share of wage earners in the non-financial, private sectors of Greece since its introduction to the Eurozone in 1999. The main outcome of the integration of Greece into the Eurozone has been the financialisation of its economy, which has been...
Persistent link: https://www.econbiz.de/10013468433
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From the Entrepreneurial to the Ossified Economy: Evidence, Explanations and a New Perspective
Naudé, Wim - 2020
inequality and rising energy costs, are also responsible. Implications for entrepreneurship scholarship are drawn. …
Persistent link: https://www.econbiz.de/10012213182
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Economic Shocks and Crime: Evidence from the Brazilian Trade Liberalization
Dix-Carneiro, Rafael; Soares, Rodrigo R.; Ulysse, Gabriel - 2017
potential determinants of crime, such as labor market conditions, public goods provision, and income inequality. We propose a …
Persistent link: https://www.econbiz.de/10011599080
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On the Interaction between Trade Reforms and Labor Market Regulation: Evidence from the MENA Countries’ Labor Markets
Selwaness, Irène; Zaki, Chahir - 2017
Using a panel of MENA countries, this paper tries to examine the interaction between trade reforms and labor market regulations on the outcome of the labor market. The theoretical predictions on this literature show that the effects of trade liberalization in any given country are conditional on...
Persistent link: https://www.econbiz.de/10011617726