Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity and output. How can we share the gains from...

Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity and output. How can we share the gains from...

Many studies predict massive job losses and real wage declines as a result of automation, which at the same time raises productivity and output. This paper studies these equity-efficiency trade-offs by focusing on fiscal policies that redistribute the gains from automation and address income...