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-level robot adoption. Overall, our results highlight the uneven effects of automation on the workforce …We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large … value added and hours worked for robot-adopting firms and negative outcomes on competitors in the same industry. Our worker …
Persistent link: https://www.econbiz.de/10014247929
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
health care delivery, including administrative work, diagnosis, and treatment. In diagnosis and treatment, a large and …
Persistent link: https://www.econbiz.de/10013477189
Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...
Persistent link: https://www.econbiz.de/10013362008
of work, or at least out of good work, also put the economy out of business? Our model says yes. Under the right …
Persistent link: https://www.econbiz.de/10012457725
How should the government respond to automation? We study this question in a heterogeneous agent model that takes … borrowing is limited. We first show that these frictions result in inefficient automation. Firms fail to internalize that … where the government can tax automation but lacks redistributive tools to fully overcome borrowing frictions. The …
Persistent link: https://www.econbiz.de/10013334373
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/10012480754
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 … countries and with more robotics-related activities across US commuting zones. We also provide evidence of more rapid …
Persistent link: https://www.econbiz.de/10012453293
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
automation, health care, and energy, and correcting these distortions could have sizable welfare benefits …
Persistent link: https://www.econbiz.de/10014226119