Showing 1 - 10 of 4,817
Persistent link: https://www.econbiz.de/10003725044
Persistent link: https://www.econbiz.de/10000993234
We construct a new method to describe firm distributions within technology fields and investigate the relationship between those distributions and aggregate innovation. To locate firms in a technology space, we apply multidimensional scaling for inter-firm technological dissimilarity, computed...
Persistent link: https://www.econbiz.de/10012959267
Persistent link: https://www.econbiz.de/10013429280
relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … of capital (or an increase in capital productivity) causes employment and wage polarization. Specifically, further … increases in capital productivity ultimately induce a transition to low-skill automation and qualitatively alter the effects of …
Persistent link: https://www.econbiz.de/10014496402
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
Persistent link: https://www.econbiz.de/10012212107
Persistent link: https://www.econbiz.de/10014565336
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