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Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI … humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus … tendency is to develop AI in the direction of further automation, but this might mean missing out on the promise of the "right …
Persistent link: https://www.econbiz.de/10012005993
economic growth explosion. In this paper, we critically analyse this claim. We clarify how AI affects the ideas production … function (IPF) and propose three models relating innovation, AI and population: AI as a research-augmenting technology; AI as … researcher scale enhancing technology; and AI as a facilitator of innovation. We show, performing model simulations calibrated on …
Persistent link: https://www.econbiz.de/10014533949
supply on automation innovation by exploiting an immigrant placement policy in Germany during the 1990s and 2000s. Difference …-in-differences estimates indicate that one additional worker per 1,000 manual and unskilled workers reduces automation innovation by 0 …-skilled workers. Labor market tightness and external demand are plausible mechanisms for the labor-innovation nexus. …
Persistent link: https://www.econbiz.de/10012270107
We offer an integrated explanation and empirical analysis of the polarization of U.S. employment and wages between 1980 and 2005, and the concurrent growth of low skill service occupations. We attribute polarization to the interaction between consumer preferences, which favor variety over...
Persistent link: https://www.econbiz.de/10010291446
has examined complementarities in production, we propose that sectors make similar input decisions because of … complementarities in information acquisition. Because information about driving forces has a high fixed cost of production and a low … correlated production choices. This mechanism amplifies the effects of common shocks, relative to sectoral shocks. …
Persistent link: https://www.econbiz.de/10010269235
We test the hypothesis that local government officials in jurisdictions that have higher local sales taxes are more likely to use fiscal zoning to attract retailing. We find that total retail employment is not significantly affected by local sales tax rates, but employment in big box and anchor...
Persistent link: https://www.econbiz.de/10010282413
allocation of tasks to capital and labor – the task content of production. Automation, which enables capital to replace labor in …We present a framework for understanding the effects of automation and other types of technological changes on labor … tasks it was previously engaged in, shifts the task content of production against labor because of a displacement effect. As …
Persistent link: https://www.econbiz.de/10012005994
developments, some argue that large shares of jobs are “at risk of automation”, spurring public fears of massive job-losses and …. First, the chapter discusses estimates of automation potentials, showing that many estimates are severely upward biased …
Persistent link: https://www.econbiz.de/10012059158
ideology scores from the Manifesto Project. We measure exposure to automation both at the regional level, based on the ex …
Persistent link: https://www.econbiz.de/10012059215
automation further compound the challenge of job creation, which is already quite sizable in historical perspective. Failure to …
Persistent link: https://www.econbiz.de/10011931704