-related aspects. Labor market pressures are felt around the globe, and robots and automation increasingly become reality. However …

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 …

What drives investment in automation technologies? This paper documents a positive relationship between labor … substantial share of cross-country variation in automation. The relationship between institutions and robots is stronger in sunk … invest in automation is to thwart rent appropriation by labor. As a consequence, policies aimed at supporting workers …