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Policymakers fear artificial intelligence (AI) will disrupt labor markets, especially for high-skilled workers. We investigate this concern using novel, task-specific data for security analysts. Exploiting variation in AI's power across stocks, we show analysts with portfolios that are more...
Persistent link: https://www.econbiz.de/10012419400
How do firms respond to technological advances that facilitate the automation of tasks? Which tasks will they automate …
Persistent link: https://www.econbiz.de/10010478513
higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of …
Persistent link: https://www.econbiz.de/10014496402
Based on the methodology proposed by Frey and Osborne (2017), we use their estimates for the probability of automation … assessment for the threat that automation may pose to the Mexican labor market. We find that almost two thirds of total … employment is at high risk of automation; slightly more than half if we only consider employment in the formal sector. We argue …
Persistent link: https://www.econbiz.de/10012224000
examine the quality of jobs in terms of skills and wages. By applying a structural modeling ap- proach, four types of …. Finally, innovative firms pay higher wages. Therefore, we provide evidence for a developing country on the relevant role of … innovation in employment growth, skills demand, and the payment of higher wages. …
Persistent link: https://www.econbiz.de/10014234275
research design focuses on a technology subsidy program in Finland that induced sharp increases in technology investment in …
Persistent link: https://www.econbiz.de/10013419141
innovations and skill-biased wage changes. The results indicate that innovations positively influence the wages of skilled workers … while they negatively influence the wages of the unskilled. -- Innovation ; employment ; wages ; Poland …
Persistent link: https://www.econbiz.de/10003887934
We analyse the impact of robot adoption on employment composition using novel micro data on robot use in German manufacturing plants linked with social security records and data on job tasks. Our task-based model predicts more favourable employment effects for the least routine-task intensive...
Persistent link: https://www.econbiz.de/10014025782
We investigate the impact of product market competition on firms’ automation investments. We use a rich combination of … competition in export markets tend to reduce investments in automation technologies. These average negative effects are driven by … the least productive firms, while the most efficient exporters in industries that are more prone to automation tend to …
Persistent link: https://www.econbiz.de/10014487176
polarization resulted from increased automation, and provide a theoretical explanation. In our model, firms deciding whether to … fall. In addition to explaining job polarization, our model makes sense of observed patterns of automation and accounts for …
Persistent link: https://www.econbiz.de/10010484463