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Persistent link: https://www.econbiz.de/10000947952
The paper asks a simple question. If individuals demand products from the firms in the economy and supply their skills concomitantly to the firms, then why should there be skill gap in the society, i.e., mismatch between skills that individuals possess and firm’s demand. After all, in a...
Persistent link: https://www.econbiz.de/10014112632
We study the effects of information and communication technologies (ICT) on the distribution of income across factors of production in the United States. Since the 1950s, the income share of ICT saw a seven-fold increase, while it has remained trendless for other types of capital. In parallel,...
Persistent link: https://www.econbiz.de/10013006484
Technical change in key OECD countries since 1990 is examined in terms of its contributions to total factor productivity and to factor bias. The dependence of real income and inequality on changes in factor abundance, total factor productivity, factor bias, the relative cost of capital goods and...
Persistent link: https://www.econbiz.de/10012962551
Continued automation and declines in low-skill shares of GDP have been widespread globally and linked to inequality. We examine the long-term, global consequences of policies that foster automation or address the distributional consequences of it, using a six-region global macro model. Results...
Persistent link: https://www.econbiz.de/10012911012
What drives investment in automation technologies? This paper documents a positive relationship between labor-friendly institutions and investment in industrial robots in a sample of developing and advanced economies. Institutions explain a substantial share of cross-country variation in...
Persistent link: https://www.econbiz.de/10013240730
Recent research shows industrial automation raises labor productivity but also depresses employment and wages in exposed industries and regions. This paper examines the impact of automation on U.S. state and local governments. We find that state and local governments with greater exposure to...
Persistent link: https://www.econbiz.de/10014030118
Does the availability new process technologies---like automation---reinforce the lead of dominant firms, or the opposite? Using novel plant-level data on automation I show patterns consistent with endogenous automation adoption reducing market leader share on average; particularly so in the most...
Persistent link: https://www.econbiz.de/10014031761
We study how advances in labor-substituting (automation) technologies affect production networks. Labor-substituting advances lower the wages of substitutable workers relative to non-substitutable workers, affecting employment in the entire economy, well beyond the production chains adopting the...
Persistent link: https://www.econbiz.de/10014032895
Technological advancements are playing a transformative role in curtailing the need for labor. These very same forces are catapulting capital in the form of robotics, machinery, and intellectual property to the economic forefront. In virtually every sphere of human existence, labor's decline and...
Persistent link: https://www.econbiz.de/10012894849