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robots, this paper analysis the impact of robots on the wages of workers in the manufacturing sector. The results show that … industrial robots increase wages for high-skilled workers relative to low-skilled workers, hence robots increases the skill … or professional occupations. Overall, our results suggest that the introduction of industrial robots has a positive …
Persistent link: https://www.econbiz.de/10012266979
We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and convergence. Our work is closely related to the model by Acemoglu et al. (2006) but extends their analysis in some important respects. Entrepreneurs in our model dispose of two...
Persistent link: https://www.econbiz.de/10003782309
In the conventional neoclassical growth model, technical change is generally characterized as “purely labor-augmenting,” a restriction that limits modern civilization to super-humans living in the Stone Age. As a novel and radical departure from conventional growth theory, the model...
Persistent link: https://www.econbiz.de/10012914009
We investigate the impact of product market competition on firms’ automation investments. We use a rich combination of … competition in export markets tend to reduce investments in automation technologies. These average negative effects are driven by … the least productive firms, while the most efficient exporters in industries that are more prone to automation tend to …
Persistent link: https://www.econbiz.de/10014487176
occurred simultaneously, is the reduction of the total factor productivity during the emergence of the computerage - the so … called productivity paradox. This contribution offers a simple unified solution to both of these puzzles and explains the … share of individuals who choose a less productive qualification may lead to a transitory slowdown of the productivity growth …
Persistent link: https://www.econbiz.de/10003470547
Persistent link: https://www.econbiz.de/10014417965
I study the optimal taxation of robots and labor income. In the model, robots substitute for routine labor and … complement non-routine labor. I show that while it is optimal to distort robot adoption, robots may be either taxed or subsidized … generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …
Persistent link: https://www.econbiz.de/10011926330
ORBIS (Bureau van Dijk) firm-level dataset. The results show that labour-saving patent holders comprise not only robots …
Persistent link: https://www.econbiz.de/10012159987
ORBIS (Bureau van Dijk) firm-level dataset. The results show that labour-saving patent holders comprise not only robots …
Persistent link: https://www.econbiz.de/10012161488
ORBIS (Bureau van Dijk) firm-level dataset. The results show that labour-saving patent holders comprise not only robots …
Persistent link: https://www.econbiz.de/10012171172