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Recent evidence suggests that recessions play a crucial role in promoting automation and the reallocation of productive … resources. Consistent with this, I show that in the three previous Canadian recessions, routine jobs were disproportionately …, income groups, industries, and regions, the two indices are strongly negatively correlated, suggesting that automation will …
Persistent link: https://www.econbiz.de/10012289689
I examine the short-term labor market effects of the Great Lockdown in the United States. I analyze job losses by task content (Acemoglu & Autor 2011), and show that they follow underlying trends; jobs with a high non-routine content are especially well-protected, even if they are not...
Persistent link: https://www.econbiz.de/10012304503
-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
To examine the drivers of innovation, this paper studies the global R&D effort to fight the deadliest diseases and … innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with limited … economists are naturally in favor of market size as a driving force for innovation (i.e."if the market size is sufficiently large …
Persistent link: https://www.econbiz.de/10012497980
humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus … labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current … tendency is to develop AI in the direction of further automation, but this might mean missing out on the promise of the "right …
Persistent link: https://www.econbiz.de/10012005993
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
Based on the methodology proposed by Frey and Osborne (2017), we use their estimates for the probability of automation … assessment for the threat that automation may pose to the Mexican labor market. We find that almost two thirds of total … employment is at high risk of automation; slightly more than half if we only consider employment in the formal sector. We argue …
Persistent link: https://www.econbiz.de/10012616397
Digitalization is the buzzword under which profound changes of the labor market can be summarized. Next to automation …
Persistent link: https://www.econbiz.de/10011873615
We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and convergence. Our work is closely related to the model by Acemoglu et al. (2006) but extends their analysis in some important respects. Entrepreneurs in our model dispose of two...
Persistent link: https://www.econbiz.de/10010263536
Higher education contributes to economic innovation. This study measures and compares the extent to which national … higher education performance in education, research and economic innovation, using non-arbitrary weights and eighteen policy …
Persistent link: https://www.econbiz.de/10010331391