Sachs, Jeffrey; Benzell, Seth G.; LaGarda, Guillermo - In: Digitized labor : the impact of the internet on employment, (pp. 39-50). 2018
We investigate whether robots raise or lower economic well-being for generations alive during and after their development. While capital that perfectly substitutes for human labor can increase output, it can also lower labor demand and labor’s share of income. Workers who are in retirement...
