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In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices …
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 …
Persistent link: https://www.econbiz.de/10012432819
to the negative effects of robots on wages. Additionally, investigating only robotizing sectors does not corroborate …In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices …
Persistent link: https://www.econbiz.de/10012695996
robot use with a measure of workers' replaceability by robots, which is based on the tasks prevalent in industries before ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …Despite ubiquitous discussions of robots' potential impact, there is almost no systematic empirical evidence on their …
Persistent link: https://www.econbiz.de/10010501865
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This chapter reviews and synthesizes our current understanding of the shocks that drive economic fluctuations. The chapter begins with an illustration of the problem of identifying macroeconomic shocks, followed by an overview of the many recent innovations for identifying shocks. It then...
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