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To understand the effects of automation and other types of technological changes on European labor demand, we use a … factors of production. Automation, by creating a displacement effect, shifts the task content of production against labor …
Persistent link: https://www.econbiz.de/10012129199
This paper points out that modeling automation as factor-augmenting technological change has several unappealing … reduce the equilibrium wage (for realistic parameter values). This approach to automation also enables a discussion of … capital, the deepening of automation (whereby machines be-come more productive in tasks that are already automated), and the …
Persistent link: https://www.econbiz.de/10011797210
We present a framework for understanding the effects of automation and other types of technological changes on labor … allocation of tasks to capital and labor - the task content of production. Automation, which enables capital to replace labor in … a result, automation always reduces the labor share in value added and may reduce labor demand even as it raises …
Persistent link: https://www.econbiz.de/10012001461
technology adoption, we utilise the variation in technology adoption between industries and apply the instrumental variables …
Persistent link: https://www.econbiz.de/10013470097
Policymakers fear artificial intelligence (AI) will disrupt labor markets, especially for high-skilled workers. We investigate this concern using novel, task-specific data for security analysts. Exploiting variation in AI's power across stocks, we show analysts with portfolios that are more...
Persistent link: https://www.econbiz.de/10012419400
How exposed is the labour market to ever-advancing AI capabilities, to what extent does this substitute human labour, and how will it affect inequality? We address these questions in a simulation of 711 US occupations classified by the importance and level of cognitive skills. We base our...
Persistent link: https://www.econbiz.de/10015077845
How do firms respond to technological advances that facilitate the automation of tasks? Which tasks will they automate …
Persistent link: https://www.econbiz.de/10010478513
higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of …
Persistent link: https://www.econbiz.de/10014496402
higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of …
Persistent link: https://www.econbiz.de/10013388884
examine the quality of jobs in terms of skills and wages. By applying a structural modeling ap- proach, four types of …. Finally, innovative firms pay higher wages. Therefore, we provide evidence for a developing country on the relevant role of … innovation in employment growth, skills demand, and the payment of higher wages. …
Persistent link: https://www.econbiz.de/10014234275