We introduce automation into the standard Solovian model of capital accumulation and show that (i) there is the … diverted to automation that maximizes the long-run growth rate of the economy; (iv) the labor share declines with automation to …

We analyze the effects of declining population growth on automation. A simple theoretical model of capital accumulation … predicts that countries with lower population growth introduce automation technologies earlier. We test the theoretical …

We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of … automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed …

Will low-skilled workers be replaced by automation? To answer this question, we set up a search and matching model that … features two skill types of workers and includes automation capital as an additional production factor. Automation capital is a … show that the accumulation of automation capital decreases the labor market tightness in the low-skilled labor market and …

We analyze the effects of automation on the wages of high-skilled and low- skilled workers and thereby on the evolution …

We analyze the effects of automation on the wages of high-skilled and low-skilled workers and thereby on the evolution …

Will low-skilled workers be replaced by automation? To answer this question, we set up a search and matching model that … features two skill types of workers and includes automation capital as an additional production factor. Automation capital is a … show that the accumulation of automation capital decreases the labor market tightness in the low-skilled labor market and …

We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While … automation implies constant returns to capital within this model class (even in the absence of technological progress), we show … that it does not have the potential to lead to positive long-growth. The reason is that automation suppresses wages, which …