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We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular, to more intensive use and development of robots. Using US data, we document that robots substitute for middle-aged workers (those between the ages of (36 and 55). We then show...
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We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large … value added and hours worked for robot-adopting firms and negative outcomes on competitors in the same industry. Our worker … earnings and employment rates, while other workers indirectly gain from robot adoption. We also find that the negative effects …
Persistent link: https://www.econbiz.de/10014247929
We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large … value added and hours worked for robot-adopting firms and negative outcomes on competitors in the same industry. Our worker … earnings and employment rates, while other workers indirectly gain from robot adoption. We also find that the negative effects …
Persistent link: https://www.econbiz.de/10014230161
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We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...
Persistent link: https://www.econbiz.de/10009764814
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
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