To examine the drivers of innovation, this paper studies the global R&D effort to fight the deadliest diseases and … innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with limited … economists are naturally in favor of market size as a driving force for innovation (i.e."if the market size is sufficiently large …

humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus … labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current … tendency is to develop AI in the direction of further automation, but this might mean missing out on the promise of the "right …

Workers who enter the labor market during recessions experience lasting earnings losses, but the role of non … labor market entry during recessions generates a 5 percent reduction in earnings cumulated over the first decade of …-pay amenities. Purely pecuniary estimates can therefore overstate the welfare costs of labor market entry during recessions. …

In recent US recessions, employment losses have been much larger for men than for women. Yet, in the current recession …

than good due to the economic contraction, despite a large literature that finds mortality rates decline during recessions …

. Whereas recent recessions in advanced economies usually had a disproportionate impact on men's employment, giving rise to the … childcare and experienced greater productivity reductions than men. We discuss what our findings imply for gender equality in a …

The UK experienced an unusually prolonged stagnation in labor productivity in the aftermath of the Great Recession …. This paper analyzes the role of sectoral labor misallocation in accounting for this "productivity puzzle." If jobseekers … disproportionately search for jobs in sectors where productivity is relatively low, hires are concentrated in the wrong sectors, and the …

productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage …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 …