from country industry variation in the adoption of robots. Our model also implies that the productivity implications of … aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor …

relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … of capital (or an increase in capital productivity) causes employment and wage polarization. Specifically, further … increases in capital productivity ultimately induce a transition to low-skill automation and qualitatively alter the effects of …

is inefficient and reduces (and could even negate) the productivity gains from automation. Using data for the US from … contribution. We also estimate that inefficient rent dissipation offset 60-90% of the productivity gains from automation since 1980 …

relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … of capital (or an increase in capital productivity) causes employment and wage polarization. Specifically, further … increases in capital productivity ultimately induce a transition to low-skill automation and qualitatively alter the effects of …

relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … of capital (or an increase in capital productivity) causes employment and wage polarization. Specifically, further … increases in capital productivity ultimately induce a transition to low-skill automation and qualitatively alter the effects of …

) augment a specific labor type--e.g., increase the productivity of labor in tasks it is already performing; (2) augment capital … productivity, and their full impact depends on the pattern of substitution between different factors which arises endogenously in …

labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current …

productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage …, especially in manufacturing, a weaker reinstatement effect, and slower growth of productivity than in previous decades. …

labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current …

productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage …, especially in manufacturing, a weaker reinstatement effect, and slower growth of productivity than in previous decades. …