. We extend this framework by modeling the allocation of tasks to factors and allowing richer forms of technological … changes in particular, automation that displaces workers from tasks they used to perform, and the creation of new tasks that … reinstate workers into the production process. We show that factor prices depend on the set of tasks that factors perform, and …

. We extend this framework by modeling the allocation of tasks to factors and allowing richer forms of technological … changes in particular, automation that displaces workers from tasks they used to perform, and the creation of new tasks that … reinstate workers into the production process. We show that factor prices depend on the set of tasks that factors perform, and …

tasks or produce two imperfectly substitutable goods. Technology is assumed to take a factor-augmenting form, which, by … diffusion of new technologies that directly substitute capital for labor in tasks previously performed by moderately … domestic workers in specific tasks. Motivated by these patterns, we argue that it is valuable to consider a richer framework …

fact that the exact difficulties of innovation tasks may not be known in advance, so tasks that require high-skill labor … hierarchy, where tasks are first attempted by low-skill labor, and high-skill workers only engage with a task if less skilled … neither the difficulties of the tasks nor the skills of the candidate workers are known. We provide a dynamic pricing …