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How do firms respond to technological advances that facilitate the automation of tasks? Which tasks will they automate … complexity and its training requirements. When two tasks are equally complex, firms will automate the task that requires more … training and in which labor is hence more expensive. Under quite general conditions this leads to job polarization, a decline …
Persistent link: https://www.econbiz.de/10010478513
How do firms respond to technological advances that facilitate the automation of tasks? Which tasks will they automate … complexity and its training requirements. When two tasks are equally complex, firms will automate the task that requires more … training and in which labor is hence more expensive. Under quite general conditions this leads to job polarization, a decline …
Persistent link: https://www.econbiz.de/10011183330
polarization resulted from increased automation, and provide a theoretical explanation. In our model, firms deciding whether to … engineering sense) of the task, against the cost of employing workers, which is increasing in training time required by the task …. Insights from artificial intelligence and robotics suggest that some tasks do not require training regardless of complexity …
Persistent link: https://www.econbiz.de/10010484463
COVID-19 has exacerbated concerns about the rise of the robots and other automation technologies. This paper analyzes …
Persistent link: https://www.econbiz.de/10013243046
been proposed, i.e. the influence of routine-based technological change and the offshorability and automation of jobs. The …
Persistent link: https://www.econbiz.de/10011483871
The purpose of this paper is to investigate the mechanisms underlying the relationship between automation and labor … realize the tasks necessary for the production process. The two scenarios considered, with and without automation, confirm … that automation is indeed a key factor in polarizing the structure of skill demand and increasing wage inequality. This …
Persistent link: https://www.econbiz.de/10012625746
Policymakers fear artificial intelligence (AI) will disrupt labor markets, especially for high-skilled workers. We investigate this concern using novel, task-specific data for security analysts. Exploiting variation in AI's power across stocks, we show analysts with portfolios that are more...
Persistent link: https://www.econbiz.de/10012419400
We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of … intermediate complexity are assigned to capital. Interior automation arises when the most skilled workers have a comparative …
Persistent link: https://www.econbiz.de/10014496402
This paper studies the effects of automation in economies with labor market distortions that generate worker rents …--wages above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage … losses from automation. It also reduces within-group wage dispersion for exposed groups. Automation-driven rent dissipation …
Persistent link: https://www.econbiz.de/10014576564
We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of … intermediate complexity are assigned to capital. Interior automation arises when the most skilled workers have a comparative …
Persistent link: https://www.econbiz.de/10013388884