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

of substitution between capital and labor is greater than one. However, the vast majority of micro-level estimates shows … that capital and labor are complements (elasticity less than one). Using firm- and establishment-level data from Korea, we … divide capital into equipment and software, as they may interact with labor in different ways. Our estimation shows that …

This paper examines the extent to which changes in working-age shares associated with population aging might slow … structure to project economic growth in 2020-2050. Our results indicate that population aging will slow economic growth …

information technology and the computer age, induced firms to shift away from labor and toward capital. The lower price of … influencing factor shares such as increasing profits, capital-augmenting technology growth, and the changing skill composition of …

debate places equal emphasis on the market in showering capital gains through stock options and an arbitrary management power …