created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

To understand the effects of automation and other types of technological changes on European labor demand, we use a … factors of production. Automation, by creating a displacement effect, shifts the task content of production against labor …

Will low-skilled workers be replaced by automation? To answer this question, we set up a search and matching model that … features two skill types of workers and includes automation capital as an additional production factor. Automation capital is a … show that the accumulation of automation capital decreases the labor market tightness in the low-skilled labor market and …

Will low-skilled workers be replaced by automation? To answer this question, we set up a search and matching model that … features two skill types of workers and includes automation capital as an additional production factor. Automation capital is a … show that the accumulation of automation capital decreases the labor market tightness in the low-skilled labor market and …