Showing 1 - 10 of 3,784
This paper studies the economics behind the investment in information technologies (IT) by U.S. commercial banks in the past decade. By linking banks' IT spending to their lending technologies, we analyze the distinctive natures of banks' dealings with information across various lending...
Persistent link: https://www.econbiz.de/10013362057
How prevalent are severe software vulnerabilities, how fast do software users respond to the availability of secure versions, and what determines the variance in the installation distribution? Using the largest dataset ever assembled on user updates, tracking server software updates by over...
Persistent link: https://www.econbiz.de/10014635659
This paper examines whether there are complementarities between investments in ICT, R&D and organizational innovation, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate an integrated model of investment profile adoption and...
Persistent link: https://www.econbiz.de/10012480697
Explaining patterns of asset ownership in the economy is a central goal of both organizational economics and industrial organization. We develop a model of asset ownership in trucking, which we test by examining how the adoption of different classes of on-board computers (OBCs) between 1987 and...
Persistent link: https://www.econbiz.de/10012469988
by the relative wage declines of worker groups specialized in routine tasks in industries experiencing rapid automation … capital. Automation technologies expand the set of tasks performed by capital, displacing certain worker groups from … between 1980 and 2016. Our task displacement variable captures the effects of automation technologies (and to a lesser degree …
Persistent link: https://www.econbiz.de/10012585404
were obstacles: the manual switchboard was the fulcrum of a complex system which had developed around it, and automation … profitable for AT&T in larger markets--hence diffusion expanded as costs declined and service areas grew. We show that automation … supported AT&T's continued growth, generating a positive feedback loop between scale and automation that reinforced AT&T's high …
Persistent link: https://www.econbiz.de/10012794608
The decline in the U.S. labor share is far from uniform across firms. While the aggregate labor share has declined, especially in manufacturing, retail, and wholesale, the labor share of a typical firm in these industries has risen. This paper studies the dynamics of the substitution of capital...
Persistent link: https://www.econbiz.de/10012496133
computerization and automation, have been characterized as "routine-substituting." They have reduced the demand for routine tasks, but …
Persistent link: https://www.econbiz.de/10012453779
This paper studies the effects of automation in economies with labor market distortions that generate worker rents …--wages above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage … losses from automation. It also reduces within-group wage dispersion for exposed groups. Automation-driven rent dissipation …
Persistent link: https://www.econbiz.de/10014576564
We examine the differential effects of automation on the labor market and educational outcomes of women relative to men … over the past four decades. Although women were disproportionately employed in occupations with a high risk of automation … link by exploiting variation in local labor market exposure to automation attributable to historical differences in local …
Persistent link: https://www.econbiz.de/10014468230