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from country industry variation in the adoption of robots. Our model also implies that the productivity implications of … aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor …
Persistent link: https://www.econbiz.de/10011820230
aging on economic growth, it is important to consider the changes in the entire age distribution of demography. Our …, labor productivity, automation, and total factor productivity. We find that increasing life expectancy and labor … productivity benefit old age groups as they likely help older age groups contribute more positively to future growth. More …
Persistent link: https://www.econbiz.de/10012242100
aging on economic growth, it is important to consider the changes in the entire age distribution of demography. Our …, labor productivity, automation, and total factor productivity. We find that increasing life expectancy and labor … productivity benefit old age groups as they likely help older age groups contribute more positively to future growth. More …
Persistent link: https://www.econbiz.de/10014095110
inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …
Persistent link: https://www.econbiz.de/10011951702
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
impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
Persistent link: https://www.econbiz.de/10012517812
savings and investment. Jointly with meagre productivity growth, this implies a low natural rate of interest that conditions …, artificial intelligence, automation) may increase productivity growth but at the risk of having disruptive effects on employment …
Persistent link: https://www.econbiz.de/10012033383
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10010316866
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of …
Persistent link: https://www.econbiz.de/10012098960
both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …
Persistent link: https://www.econbiz.de/10010425622