on robots and trade, the magnitude of these taxes may decrease as the process of automation and globalization deepens and …Technological change, from the advent of robots to expanded trade opportunities, tends to create winners and losers … be implemented using evidence on the distributional impact of new technologies, such as robots and trade. Our second …

older to middle-aged workers—is associated with greater adoption of robots and other automation technologies across … from country-industry variation in the adoption of robots. Our model also implies that the productivity implications of …We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular …

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 … productivity growth, reducing their contributions toward aggregate productivity growth, resulting in its slowdown. We find that …

Using a quantitative model that features technical progress in automation and endogenous skill choice, we show that …, given the current U.S. tax system, a sustained fall in automation costs can lead to a massive rise in income inequality. We … characterize the optimal tax system in this model. We find that it is optimal to tax robots while the current generations of …

-level implications of robot adoption. Out of 55,390 firms in our sample, 598 have adopted robots between 2010 and 2015, but these firms … declines in labor share and the share of production workers in employment, and increases in value added and productivity. They … expand their overall employment as well. However, this expansion comes at the expense of their competitors (as automation …

Do robots raise or lower economic well-being? On the one hand, they raise output and bring more goods and services into … rise in robotic productivity is more likely to lower the welfare of young workers and future generations when the saving … more important complement to labor. In some parameterizations the relationship of utility to robotic productivity follows a …

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 …

economy-wide productivity and welfare …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …