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From a banking supervisory perspective, this paper analyses aspects of market risk of an aggregated trading portfolio comprised of the trading books of 11 German banks with a regulatory approved internal market risk model. Based on real, clean profit and loss data and Value-at-Risk estimates of...
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We investigate how an increase in the robot intensity (the ratio of industrial robots over employment) affects the self …-reported mental health of workers in Germany. To do so, we combine individual mental health data from the German Socioeconomic Panel … individual-, time- and sectoral fixed effects, we find that an increase in robot intensity of 10% is associated with an average …
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We study the impact of rising robot exposure on the careers of individual manufacturing workers, and the equilibrium … impact across industries and local labor markets in Germany. We find no evidence that robots cause total job losses, but they … do affect the composition of aggregate employment. Every robot destroys two manufacturing jobs. This accounts for almost …
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