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Will smart machines replace humans like the internal combustion engine replaced horses? If so, can putting people out of work, or at least out of good work, also put the economy out of business? Our model says yes. Under the right conditions, more supply produces, over time, less demand as the...
Persistent link: https://www.econbiz.de/10012457725
across U.S. manufacturing establishments. We find that robotics adoption and robot intensity (the number of robots per … we call Robot Hubs, have far more robots than one would expect even after accounting for industry and manufacturing … employment. We characterize these Robot Hubs along several industry, demographic, and institutional dimensions. The presence of …
Persistent link: https://www.econbiz.de/10014247984
concern about the future of jobs and wages. We analyze the effect of the increase in industrial robot usage between 1990 and … correlated with these other variables). According to our estimates, one more robot per thousand workers reduces the employment to …
Persistent link: https://www.econbiz.de/10012455396
finding might reflect the more rapid adoption of automation technologies in countries undergoing more pronounced demographic …
Persistent link: https://www.econbiz.de/10012455604
This paper describes the adoption of automation technologies by US firms across all economic sectors by leveraging a … tasks previously performed by labor. Consistent with the use of these technologies for automation, adopters have higher …
Persistent link: https://www.econbiz.de/10013462707
Persistent link: https://www.econbiz.de/10013465373
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
Using several sources, we construct a data set of robot purchases by French manufacturing firms and study the firm …-level implications of robot adoption. Out of 55,390 firms in our sample, 598 have adopted robots between 2010 and 2015, but these firms … account for 20% of manufacturing employment and value added. Consistent with theory, robot adopters experience significant …
Persistent link: https://www.econbiz.de/10012479262
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 … development of automation technologies in countries undergoing greater demographic change. Our directed technological change model …
Persistent link: https://www.econbiz.de/10012453293