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How do firms respond to technological advances that facilitate the automation of tasks? Which tasks will they automate …
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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 …
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automation, skill-biased technical change, offshoring, and worker training. Using the model, I characterize how wages, the … to workers. I introduce automation as the choice of the optimal size and location of a mass of identical robots in the … task space. Automation displaces workers by replacing them in the performance of tasks, generating a cascading effect on …
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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...
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Technologies such as cloud computing, software to automate supplier- and customer relations, online platforms and artificial intelligence seem to offer a vast potential to boost productivity and living standards. However, aggregate productivity growth has declined sharply across the OECD over...
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