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Robots, Trade, and Luddism : A Sufficient Statistic Approach to Optimal Technology Regulation

Costinot, Arnaud - 2018

Technological change, from the advent of robots to expanded trade opportunities, tends to create winners and losers. How should government policy respond? And how should the overall welfare impact of technological change on society be valued? We provide a general theory of optimal technology...

Persistent link: https://www.econbiz.de/10012910297

Robots : Curse or Blessing? A Basic Framework

Sachs, Jeffrey D. - 2015

Do robots raise or lower economic well-being? On the one hand, they raise output and bring more goods and services into reach. On the other hand, they eliminate jobs, shift investments away from machines that complement labor, lower wages, and immiserize workers who cannot compete. The net...

Persistent link: https://www.econbiz.de/10013024502

Social Media, Sentiment and Public Opinions : Evidence from #Brexit and #Uselection

Gorodnichenko, Yuriy - 2018

This paper studies information diffusion in social media and the role of bots in shaping public opinions. Using Twitter data on the 2016 E.U. Referendum (“Brexit”) and the 2016 U.S. Presidential Election, we find that diffusion of information on Twitter is largely complete within 1-2 hours....

Persistent link: https://www.econbiz.de/10012918621

Ai, Labor, Productivity and the Need for Firm-Level Data

Seamans, Robert - 2018

We summarize existing empirical findings regarding the adoption of robotics and AI and its effects on aggregated labor and productivity, and argue for more systematic collection of the use of these technologies at the firm level. Existing empirical work primarily uses statistics aggregated by...

Persistent link: https://www.econbiz.de/10012929542

Should Robots Be Taxed?

Guerreiro, Joao - 2017

, optimal robot taxes are zero …

Persistent link: https://www.econbiz.de/10012948062

Robots and Jobs : Evidence from Us Labor Markets

Acemoglu, Daron - 2017

concern about the future of jobs and wages. We analyze the effect of the increase in industrial robot usage between 1990 and … correlated with these other variables). According to our estimates, one more robot per thousand workers reduces the employment to …

Persistent link: https://www.econbiz.de/10012960156

Secular Stagnation? The Effect of Aging on Economic Growth in the Age of Automation

Acemoglu, Daron - 2017

Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We...

Persistent link: https://www.econbiz.de/10012964893

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

Competing with Robots : Firm-Level Evidence from France

Acemoglu, Daron; Lelarge, Claire; Restrepo, Pascual - 2022

Using several sources, we construct a data set of robot purchases by French manufacturing firms and study the firm …-level implications of robot adoption. Out of 55,390 firms in our sample, 598 have adopted robots between 2010 and 2015, but these firms … account for 20% of manufacturing employment and value added. Consistent with theory, robot adopters experience significant …

Persistent link: https://www.econbiz.de/10013307903

A New Use of Importance Sampling to Reduce Computational Burden in Simulation Estimation

Ackerberg, Daniel A. - 2011

Method of Simulated Moments (MSM) estimators introduced by McFadden (1989)and Pakes and Pollard (1989) are of great use to applied economists. They are relatively easy to use even for estimating very complicated economic models. One simply needs to generate simulated data according to the model...

Persistent link: https://www.econbiz.de/10013127757

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