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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
We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular … older to middle-aged workers—is associated with greater adoption of robots and other automation technologies across … development of automation technologies in countries undergoing greater demographic change. Our directed technological change model …
Persistent link: https://www.econbiz.de/10012924461
We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and … employment. Our task-based framework emphasizes the displacement effect that automation creates as machines and AI replace labor … counteracted by a productivity effect, resulting from the cost savings generated by automation, which increase the demand for labor …
Persistent link: https://www.econbiz.de/10012930347
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
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
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
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
COVID-19 may accelerate the automation of jobs, as employers invest in technology to adapt the production process to … safeguard against current and potential future pandemics. We identify occupations that have high automation potential and also …
Persistent link: https://www.econbiz.de/10012828472
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 …
Persistent link: https://www.econbiz.de/10012948062
harmonized cross-country and industry data, where we measure automation as industry-level movements in total factor productivity … (TFP) that are common across countries. We find that automation displaces employment and reduces labor's share of value …
Persistent link: https://www.econbiz.de/10012913781