In this paper we analyze the dynamics among past major pandemics, economic growth, inequality, and social unrest. We … provide evidence that past major pandemics, even though much smaller in scale than COVID-19, have led to a significant … increase in social unrest by reducing output and increasing inequality. We also find that higher social unrest, in turn, is …

affected by automation in households and firms. We calibrate the model for the U.S. and apply it to explain the historical …-1960, innovations in household automation motivate the decline of the servant economy and the creation of new household tasks motivates … in firm automation and the implied increase of the skill premium explain the return of the servant economy. We show the …

well as traditional and automation capital (e.g. robots). Robots can substitute for routine labor. We show that both …, population aging and higher robot productivity, foster the increased use of robotics. Population aging decreases and progress in … robot technology increases long-run output per capita. In both cases, inequalities in labor income, wealth and consumption …

Is technology or trade driving increases in wage inequality? We propose that technology interacts with trade in the … form of foreign direct investments to widen domestic wage inequality. We show that foreign acquisitions of domestic firms …, but this may come at the cost of increased domestic wage inequality. …