Showing 1 - 10 of 4,880
impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
Persistent link: https://www.econbiz.de/10012517812
substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
Persistent link: https://www.econbiz.de/10012262282
substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
Persistent link: https://www.econbiz.de/10012266990
In this paper, I study technological change as a candidate for the observed increase in consumption inequality in the United States. I build an incomplete market model with educational choice combined with a task-based model on the production side. I consider two channels through which...
Persistent link: https://www.econbiz.de/10013460248
substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
Persistent link: https://www.econbiz.de/10012438305
. It explicitly addresses the question of what workers newly experience in the richer economy (higher productivity), what … accounting literature, productivity differences in favor of the richer economy, due to differences in TFP and in physical capital …
Persistent link: https://www.econbiz.de/10012201391
by a widespread adoption of AI. It argues that large opportunities in terms of increases in productivity can ensue … potential for productivity increases, especially among the low skilled. At the same time, risks in the form of further increases … benefits of productivity growth through the combination of profit sharing, (digital) capital taxation, and a reduction in …
Persistent link: https://www.econbiz.de/10012144888
demand for skilled labor: technological change in firm‐specific productivity and technological change in labor productivity …. We find that technological change in labor productivity, in the form of higher returns to skill in production, is the … main driver of the increase in between‐ and within‐group inequality. Technological change in firm productivity, in the form …
Persistent link: https://www.econbiz.de/10015053136
It will be shown in this paper that unemployment rate due to technology use in production has an optimum (maximum) at a critical point of technology use. For any technology use lower than this critical level the unemployment rate increases as technology use increases, while the opposite takes...
Persistent link: https://www.econbiz.de/10014203184
In response to technological change, U.S. corporations have been investing more in intangible capital. This transformation is empirically associated with lower leverage and greater cash holdings, and commonly explained as a precautionary response to reduced debt capacity. We model how firms'...
Persistent link: https://www.econbiz.de/10011556238