innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

innovation--in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though … patents, and simulated method of moments using microdata on employment, production, R&D, firm growth, entry and exit from the …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor …

earnings and employment rates, while other workers indirectly gain from robot adoption. We also find that the negative effects …

employment in above-average age-friendly occupations has risen by 49 million. However, older workers have not benefited …