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concern about the future of jobs and wages. We analyze the effect of the increase in industrial robot usage between 1990 and … correlated with these other variables). According to our estimates, one more robot per thousand workers reduces the employment to …
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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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Using several sources, we construct a data set of robot purchases by French manufacturing firms and study the firm …-level implications of robot adoption. Out of 55,390 firms in our sample, 598 have adopted robots between 2010 and 2015, but these firms … account for 20% of manufacturing employment and value added. Consistent with theory, robot adopters experience significant …
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Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We...
Persistent link: https://www.econbiz.de/10011689142