We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and … employment. Our task-based framework emphasizes the displacement effect that automation creates as machines and AI replace labor … counteracted by a productivity effect, resulting from the cost savings generated by automation, which increase the demand for labor …

. Low-skill (high-skill) automation corresponds to tasks performed by low-skill (high-skill) labor being taken over by … capital. Automation displaces the type of labor it directly affects, depressing its wage. Through ripple effects, automation … also affects the real wage of other workers. Counteracting these forces, automation creates a positive productivity effect …

We use a model of automation to show that with the current U.S. tax system, a fall in automation costs could lead to a … there is partial automation …

finding might reflect the more rapid adoption of automation technologies in countries undergoing more pronounced demographic …

automation technology, the model embodies an important tradeoff between reallocating employment across occupations and … reallocation of workers towards non-employment. Quantitatively, we find that advances in automation technology on their own account …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

harmonized cross-country and industry data, where we measure automation as industry-level movements in total factor productivity … (TFP) that are common across countries. We find that automation displaces employment and reduces labor's share of value …

automation further compound the challenge of job creation, which is already quite sizable in historical perspective. Failure to …

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 …