investment. This allows us to quantify the role of advancement in automation technology in accounting for these labor market …

how this framework can generate changes in unemployment and labor participation that match those uncovered by the ….S. states, including many that experience unemployment during the transition. However, nominal rigidities reduce the overall U …

. We find that automation is accelerating and supplanting a broader set of low-wage routine jobs in the decade since the … effects of automation on low-wage routine jobs. Employment losses are most evident among minority workers who experience …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

intermediate service good. We use the model to find that the extent of automation through AI will be greater if (a) the economy is …

This paper studies the impact of an unemployment protection legislation reform - a substitution between an experience … rated tax and firing costs - on the level and structure of unemployment by skills. In this purpose, we consider a matching … free entry condition and the tax rate aimed at financing unemployment benefits results from a balanced budget constraint …