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Low-Skill and High-Skill Automation
Acemoglu, Daron - 2017
. Low-skill (high-skill) automation corresponds to tasks performed by low-skill (high-skill) labor being taken over by … capital. Automation displaces the type of labor it directly affects, depressing its wage. Through ripple effects, automation … also affects the real wage of other workers. Counteracting these forces, automation creates a positive productivity effect …
Persistent link: https://www.econbiz.de/10012941167
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Secular Stagnation? The Effect of Aging on Economic Growth in the Age of Automation
Acemoglu, Daron - 2017
finding might reflect the more rapid adoption of automation technologies in countries undergoing more pronounced demographic …
Persistent link: https://www.econbiz.de/10012964893
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Computerizing Industries and Routinizing Jobs : Explaining Trends in Aggregate Productivity
Aum, Sangmin - 2018
Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity slowdown. Complementarity across occupations and...
Persistent link: https://www.econbiz.de/10012926403
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Globotics and Development : When Manufacturing is Jobless and Services are Tradable
Baldwin, Richard; Forslid, Rikard - 2022
Globalization and robotics (globotics) are transforming the world economy at an explosive pace. While much of the literature has focused on rich nations, the changes are quite likely to affect developing nations in important ways. The premise of the paper - which should be regarded as a...
Persistent link: https://www.econbiz.de/10013308376
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Robots and Jobs : Evidence from Us Labor Markets
Acemoglu, Daron - 2017
As robots and other computer-assisted technologies take over tasks previously performed by labor, there is increasing concern about the future of jobs and wages. We analyze the effect of the increase in industrial robot usage between 1990 and 2007 on US local labor markets. Using a model in...
Persistent link: https://www.econbiz.de/10012960156
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Robots are Us : Some Economics of Human Replacement
Benzell, Seth - 2015
Will smart machines do to humans what the internal combustion engine did to horses – make them obsolete? If so, can putting people out of work or, at least, good work leave them unable to buy what smart machines produce? Our model's answer is yes. Over time and under the right conditions,...
Persistent link: https://www.econbiz.de/10013028067
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Robots, Trade, and Luddism : A Sufficient Statistic Approach to Optimal Technology Regulation
Costinot, Arnaud - 2018
on robots and trade, the magnitude of these taxes may decrease as the process of automation and globalization deepens and …
Persistent link: https://www.econbiz.de/10012910297
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Computerization and Immigration : Theory and Evidence from the United States
Basso, Gaetano - 2017
Recent technological changes have been characterized as “routine-substituting,” reducing demand for routine tasks but increasing it for analytical and service tasks. Little is known about how these changes have impacted immigration, or task specialization between immigrants and natives. In...
Persistent link: https://www.econbiz.de/10012945606
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Polanyi's Paradox and the Shape of Employment Growth
Autor, David H. - 2014
In 1966, the philosopher Michael Polanyi observed, "We can know more than we can tell... The skill of a driver cannot be replaced by a thorough schooling in the theory of the motorcar; the knowledge I have of my own body differs altogether from the knowledge of its physiology." Polanyi's...
Persistent link: https://www.econbiz.de/10013047399
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Growth, Automation and the Long Run Share of Labor
Ray, Debraj; Mookherjee, Dilip - 2022
We provide an argument for long-term automation and decline in the labor income share, driven by capital accumulation … rescaled in the same way. Then ongoing capital accumulation gives rise to progressive automation, and the share of labor income …
Persistent link: https://www.econbiz.de/10013292467