Recent evidence suggests that recessions play a crucial role in promoting automation and the reallocation of productive …, income groups, industries, and regions, the two indices are strongly negatively correlated, suggesting that automation will …

To rationalize a substantial income share of labor despite progressive task automation over the centuries, we present a … sophistication. Automation of more sophisticated goods requires capital of increasing quality. Quality capital remains scarce along …

productivity. We embed the recently released data on patents and publications related to AI into an augmented panel model of … productivity growth, estimated for OECD countries, and compared to a non-OECD sample. Our instrumental variables' estimates …, accounting for AI endogeneity, provide evidence in favour of the modern (AI) productivity paradox. We show that the development …