Bekhtiar, Karim; Bittschi, Benjamin; Sellner, Richard - 2021
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … and adversely affect the employment share of lowskilled labor. We demonstrate that these effects are heavily influenced by … industries leads to a sizable drop of the productivity effects, halving the effect size for labor productivity and insignificant …