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We analyze the effects of automation on the wages of high-skilled and low- skilled workers and thereby on the evolution …
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-- 7. Artificial Intelligence, Income, Employment, and Meaning / Betsey Stevenson -- 8. Artificial Intelligence, Automation … / James Bessen -- 11. Public Policy in an AI Economy / Austan Goolsbee -- 12. Should We Be Reassured If Automation in the … Future Looks Like Automation in the Past? / Jason Furman -- 13. R&amp -- D, Structural Transformation, and the Distribution …
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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 …
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We study how advances in labor-substituting (automation) technologies affect production networks. Labor … economy, well beyond the production chains adopting the new technologies. As automation progresses, the production network … becomes denser, increasing the centralities of producers of automation and their (direct and indirect) suppliers. The growth …
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