We introduce automation into the standard Solovian model of capital accumulation and show that (i) there is the … diverted to automation that maximizes the long-run growth rate of the economy; (iv) the labor share declines with automation to …

To rationalize a substantial income share of labor despite progressive task automation over the centuries, we present a … sophistication. Automation of more sophisticated goods requires capital of increasing quality. Quality capital remains scarce along …

We present a framework for understanding the effects of automation and other types of technological changes on labor … allocation of tasks to capital and labor - the task content of production. Automation, which enables capital to replace labor in … a result, automation always reduces the labor share in value added and may reduce labor demand even as it raises …

contribution of automation to the task content and skills complexity of the jobs of incumbent workers. Despite the recent focus on … the polarising impact of automation and associated reskilling needs of lower-skilled individuals, our evidence also draws …

a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation … vulnerable to holdup. This suggests that automation is used by producers as a tool to thwart rent appropriation by labor. …