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Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of … production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity … and output. How can we share the gains from automation more widely, for the benefit of all? And what are the attendant …
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This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
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average, perform more routine tasks than men?tasks that are more prone to automation. To quantify the impact on jobs, we … relate data on task composition at work to occupation level estimates of probability of automation, controlling for a rich … workers are at a significantly higher risk for displacement by automation than male workers, with 11 percent of the female …
Persistent link: https://www.econbiz.de/10012021777
This paper uses a DSGE model to simulate the impact of technological change on labor markets and income distribution. It finds that technological advances offers prospects for stronger productivity and growth, but brings risks of increased income polarization. This calls for inclusive policies...
Persistent link: https://www.econbiz.de/10011932374
automation, especially in emerging markets. We find that negative perceptions about automation are prevalent among workers who … over automation are positively viewed by workers with higher levels of job satisfaction, higher educational attainment, and … from countries with stronger labor protection. Workers with positive perceptions of automation also tend to respond that re …
Persistent link: https://www.econbiz.de/10012155109
process. Seven levels of automation of price discovery are identified, and 47 systems are classified according to these … criteria. Systems operating at various levels of automation are compared with respect to age, geographical location, and type … asymmetric information increases with the level of automation of price discovery. The potential for trading abuses related to …
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