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values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10010269431
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10013153299
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …. -- Productivity ; welfare ; reallocation ; technology ; TFP …
Persistent link: https://www.econbiz.de/10003925275
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 …
Persistent link: https://www.econbiz.de/10003914097
education, and in consequence, inequality increases. We also show that wages and productivity gaps between high-tech and low …
Persistent link: https://www.econbiz.de/10014439466
robots, and a productivity-enhancing reallocation of labor across firms, away from non-adopters, and toward adopters. …
Persistent link: https://www.econbiz.de/10011997063
The wave of digital-industrial innovation which begins to disrupt vast sectors of the global economy has fueled fear of a potential adverse impact on jobs and wages. This paper argues that digitalindustrial innovations make human capital more important than ever and the focus needs to shift to...
Persistent link: https://www.econbiz.de/10011869165
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
-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 …
Persistent link: https://www.econbiz.de/10011752244
for faster productivity growth, but also a potential disruption to a number of economic sectors and to job markets …
Persistent link: https://www.econbiz.de/10011809882