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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
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/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
survey (ESJS), jobs are bundled according to their estimated risk of automation. The paper builds on the methodology of … very high risk of automation. The distribution of high automatability across industries and occupations is also found to be …
Persistent link: https://www.econbiz.de/10011931794
Using a large longitudinal, nationally representative workplace-level dataset, we explore the productivity gains associated with computer use and organizational redesign. The empirical strategy involves the estimation of a production function, augmented to account for technology use and...
Persistent link: https://www.econbiz.de/10010273853
decision-making, and (v) automation and the impact of AI on the labor market and on wage inequality. …
Persistent link: https://www.econbiz.de/10014533823
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/10014533844
Theory predicts that global economic growth will stagnate and even come to an end due to slower and eventually negative growth in population. It has been claimed, however, that Artificial Intelligence (AI) may counter this and even cause an economic growth explosion. In this paper, we critically...
Persistent link: https://www.econbiz.de/10014533949