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-related aspects. Labor market pressures are felt around the globe, and robots and automation increasingly become reality. However …
Persistent link: https://www.econbiz.de/10011348257
Automation and globalization have brought about a tremendous increase in productivity, but also accelerated job … redistributing the gains from automation and globalization, providing efficient buffers against economic shocks, and advancing the …
Persistent link: https://www.econbiz.de/10011404954
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 …
Persistent link: https://www.econbiz.de/10011555352
We analyze the effects of declining population growth on the adoption of automation technology. A standard theoretical … framework of the accumulation of traditional physical capital and of automation capital predicts that countries with a lower … population growth rate are the ones that innovate and/or adopt new automation technologies faster. We test the theoretical …
Persistent link: https://www.econbiz.de/10011619849
We analyze the long-run growth effects of automation in the standard overlap- ping generations framework. We show that …, in contrast to other neoclassical models of capital accumulation, automation does not promote growth but induces economic … stagnation. The reason is that automation suppresses wages, which are the only source of investment in the overlapping …
Persistent link: https://www.econbiz.de/10011620795
We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of … model predicts that innovationdriven growth leads to increasing automation, an increasing skill premium, an increasing …
Persistent link: https://www.econbiz.de/10011620796
population ageing and increased automation for indicators of sustainability for the Nordic welfare states. …
Persistent link: https://www.econbiz.de/10011636632
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 …
Persistent link: https://www.econbiz.de/10011639408
This paper assesses the importance of digitalization in Germany and other developed countries with a particular attention to the potential or actual impact it may have on the labor market. Referring to available empirical evidence, we document the already developing transformation of occupations...
Persistent link: https://www.econbiz.de/10011663472
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 …
Persistent link: https://www.econbiz.de/10011669047