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robot tax that has featured prominently in the policy debate on automation and show that it could raise the capital stock …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 …
Persistent link: https://www.econbiz.de/10011668997
This paper examines the implications of automation capital in a Solow growth model with two types of labour. We study … the transition from standard production to production using automation capital which substitutes low-skilled workers. We …-skilled labour and are not automatable. We show that under these assumptions, automation capital does not generate endogenous growth …
Persistent link: https://www.econbiz.de/10012125628
We introduce automation into the standard Solovian model of capital accumulation and show that (i) there is the … diverted to automation that maximizes the long-run growth rate of the economy; (iv) the labor share declines with automation to …
Persistent link: https://www.econbiz.de/10011458839
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/10011555095
Persistent link: https://www.econbiz.de/10012304093
We analyze the effects of automation on the wages of high-skilled and low- skilled workers and thereby on the evolution …
Persistent link: https://www.econbiz.de/10011729188
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 …, suggesting that a 1% increase in population growth is associated with an approximately 2% reduction in the growth rate of robot …
Persistent link: https://www.econbiz.de/10011639365
Persistent link: https://www.econbiz.de/10011959513
We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular … older to middle-aged workers — is associated with greater adoption of robots and other automation technologies across … development of automation technologies in countries undergoing greater demographic change. Our directed technological change model …
Persistent link: https://www.econbiz.de/10011820230
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