Since the beginning of the Industrial Revolution, technological change has led to the automation of existing tasks and … been costly to individual workers, but labor demand has remained strong, and real wages have steadily increased in line … with productivity growth. I provide evidence suggesting, however, that in recent decades automation has outpaced the …

Since the beginning of the Industrial Revolution, technological change has led to the automation of existing tasks and … been costly to individual workers, but labor demand has remained strong, and real wages have steadily increased in line … with productivity growth. I provide evidence suggesting, however, that in recent decades automation has outpaced the …

To understand the effects of automation and other types of technological changes on European labor demand, we use a … factors of production. Automation, by creating a displacement effect, shifts the task content of production against labor …

, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which … humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus … tendency is to develop AI in the direction of further automation, but this might mean missing out on the promise of the "right …

This paper points out that modeling automation as factor-augmenting technological change has several unappealing … reduce the equilibrium wage (for realistic parameter values). This approach to automation also enables a discussion of … capital, the deepening of automation (whereby machines be-come more productive in tasks that are already automated), and the …

We present a framework for understanding the effects of automation and other types of technological changes on labor … allocation of tasks to capital and labor - the task content of production. Automation, which enables capital to replace labor in … a result, automation always reduces the labor share in value added and may reduce labor demand even as it raises …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … share, and may even reduce wages, while the creation of new tasks has the opposite effects. Our full model endogenizes … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental …