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 …

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 …

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 …

We show, theoretically and empirically, that the effects of technological change associated with automation and … is that better matches enjoy a comparative advantage in exploiting automation and a comparative disadvantage in … exploiting offshoring. It implies that automation (offshoring) may reduce (raise) employment by lengthening (shortening …

The purpose of this paper is to investigate the mechanisms underlying the relationship between automation and labor … realize the tasks necessary for the production process. The two scenarios considered, with and without automation, confirm … that automation is indeed a key factor in polarizing the structure of skill demand and increasing wage inequality. This …