values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …. -- Productivity ; welfare ; reallocation ; technology ; TFP …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies total factor productivity (TFP) as the right summary measure of …

education, and in consequence, inequality increases. We also show that wages and productivity gaps between high-tech and low …

robots, and a productivity-enhancing reallocation of labor across firms, away from non-adopters, and toward adopters. …

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 …

-biased technical change for the flattening of productivity growth and effects on hours worked. The results show that more than 60 … percent of the slowdown in productivity growth in Germany since the early 2000s can be explained by the SBTC development …

for faster productivity growth, but also a potential disruption to a number of economic sectors and to job markets …