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This paper studies the effects of automation of production on labor market outcomes, and whether there is an effect of … automation on functional and personal inequality in Latin America. The paper combines several data sources and empirical … main issues that we focus on are: i) the hypothesis that industries with a higher share of workers performing routine tasks …
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This paper shows that, counter-intuitively, a higher elasticity of substitution in model production function can lead to reduced economic resilience and larger vulnerability to shocks in production factor prices. This result is due to the fact that assuming a higher elasticity of substitution...
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