Do higher wages lead to more automation innovation? To answer this question, we first use the frequency of certain … keywords in patent text to create a new measure of automation innovation in machinery. We show that our measure is correlated …-level panel analysis, we find that an increase in low-skill wages leads to more automation innovation with an elasticity between 2 …

Recent evidence for the U.S. suggests that recessions play a crucial role in promoting automation and the reallocation …

Recent evidence suggests that recessions play a crucial role in promoting automation and the reallocation of productive …, income groups, industries, and regions, the two indices are strongly negatively correlated, suggesting that automation will …