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of inequality and show that an increase in inequality enhances efficiency and that it is possible to achieve complete … efficiency. Third, we focus on the case where the individual creative capital units are perfect complements and show that the …
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of inequality and show that an increase in inequality enhances efficiency and that it is possible to achieve complete … efficiency. Third, we focus on the case where the individual creative capital units are perfect complements and show that the …
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impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
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novel features it is shown that (i) AI automation can decrease the share of labor income no matter the size of the … substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
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