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This paper presents a novel stylized fact and analyzes its contribution to the skill bias of technical change in U.S. manufacturing. The share of skilled labor embedded in intermediate inputs correlates strongly with the skill share employed in final production. This finding points towards an...
Persistent link: https://www.econbiz.de/10014222754
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … variables reestablishes the productivity effects, but still rejects positive wage effects and skill-biased technological change …
Persistent link: https://www.econbiz.de/10012504766
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … workforce variables reestablishes the productivity effects, but still rejects positive wage effects and skill …
Persistent link: https://www.econbiz.de/10012432819
, the International Federation of Robotics, EU KLEMS, and COMTRADE, we study the causal effect of industrial automation on … income inequality in the U.S. during 2010–2015. We exploit spatial and time variations in exposure to robots arising from … for top income fractiles. Therefore, industrial automation fuels income inequality and, particularly, top income …
Persistent link: https://www.econbiz.de/10014466644
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … industries leads to a sizable drop of the productivity effects, halving the effect size for labor productivity and insignificant … controlling for demographic workforce characteristics is essential for obtaining significant labor productivity effects and leads …
Persistent link: https://www.econbiz.de/10012695996
machine-operating occupations, while high-skilled managers gain. In the aggregate, robots raise labor productivity but not … impact across industries and local labor markets in Germany. We find no evidence that robots cause total job losses, but they …. But this loss was fully offset by additional jobs in the service sector. Moreover, robots have not raised the displacement …
Persistent link: https://www.econbiz.de/10011725680
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automation, health care, and energy, and correcting these distortions could have sizable welfare benefits …
Persistent link: https://www.econbiz.de/10014226119