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 …

finding might reflect the more rapid adoption of automation technologies in countries undergoing more pronounced demographic …

This paper examines the potential impact of artificial intelligence (A.I.) on economic growth. We model A.I. as the … latest form of automation, a broader process dating back more than 200 years. Electricity, internal combustion engines, and … semiconductors facilitated automation in the last century, but A.I. now seems poised to automate many tasks once thought to be out of …

be replaced by a thorough schooling in the theory of the motorcar; the knowledge I have of my own body differs altogether … identified--that our tacit knowledge of how the world works often exceeds our explicit understanding--foretells much of the …

further predicts that the induced adoption of automation technology should be more pronounced in industries that rely more on … share to decline relatively in industries that are most amenable to automation, and this is indeed the pattern we find in …We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular …

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 …

This paper points out that modeling automation as factor-augmenting technological change has several unappealing … reduce the equilibrium wage (for realistic parameter values). This approach to automation also enables a discussion of … capital, the deepening of automation (whereby machines become more productive in tasks that are already automated), and the …