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Recent evidence for the U.S. suggests that recessions play a crucial role in promoting automation and the reallocation … of productive resources, which in turn increase aggregate productivity and lead to a higher standard of living. I present … technology revolution, fully all of the Canadian decline in routine job employment occurred during the three recessions. A …
Persistent link: https://www.econbiz.de/10012241594
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/10012285610
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/10012306404
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/10012430944
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/10013249110
During crises, governments resort to extraordinary fiscal and financial measures to mitigate the recessionary impacts of crises. These macroeconomic intervention measures along with aggregate demand and supply shocks and policy choices would affect the exporting environment of a country through...
Persistent link: https://www.econbiz.de/10014352025
In recent US recessions, employment losses have been much larger for men than for women. Yet, in the current recession …
Persistent link: https://www.econbiz.de/10012258294
This paper assesses the prospects of a 2021 time bomb in small and medium-sized enterprises (SME) failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 time bomb for SMEs. Rather, business...
Persistent link: https://www.econbiz.de/10012425090
. Whereas recent recessions in advanced economies usually had a disproportionate impact on men's employment, giving rise to the … childcare and experienced greater productivity reductions than men. We discuss what our findings imply for gender equality in a …
Persistent link: https://www.econbiz.de/10012493353
than good due to the economic contraction, despite a large literature that finds mortality rates decline during recessions …
Persistent link: https://www.econbiz.de/10012294848