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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
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
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 … 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
Do robots raise or lower economic well-being? On the one hand, they raise output and bring more goods and services into …
Persistent link: https://www.econbiz.de/10013024502
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
characterize the optimal tax system in this model. We find that it is optimal to tax robots while the current generations of …
Persistent link: https://www.econbiz.de/10012948062
As robots and other computer-assisted technologies take over tasks previously performed by labor, there is increasing … 2007 on US local labor markets. Using a model in which robots compete against human labor in the production of different … tasks, we show that robots may reduce employment and wages, and that the local labor market effects of robots can be …
Persistent link: https://www.econbiz.de/10012960156
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
-level implications of robot adoption. Out of 55,390 firms in our sample, 598 have adopted robots between 2010 and 2015, but these firms … further document that the impact of robots on overall labor share is greater than their firm-level effects because robot …
Persistent link: https://www.econbiz.de/10013307903
years, questions have arisen about whether its services help or harm consumers. In response, states have increasingly … consumers. On balance, our results also seem to support the relevance of theories of occupational licensing that stress the …
Persistent link: https://www.econbiz.de/10012775475