change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor … taxation, automation capital, and capital adjustment costs. Labor and automation capital are perfect substitutes whereas labor …

The last decades have witnessed a revolution in manufacturing production characterized by increasing technology …, the International Federation of Robotics, EU KLEMS, and COMTRADE, we study the causal effect of industrial automation on … for top income fractiles. Therefore, industrial automation fuels income inequality and, particularly, top income …

, the technological constraints are identified as limits to capacity utilization and automation. The shadow prices depend on … the output elasticities. These elasticities are determined for Germany, Japan and the USA by econometric estimations of …