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Robots at work? : pitfalls of industry level data

Bekhtiar, Karim; Bittschi, Benjamin; Sellner, Richard - 2021

In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … variables reestablishes the productivity effects, but still rejects positive wage effects and skill-biased technological change …

Persistent link: https://www.econbiz.de/10012504766

Robots at work? pitfalls of industry level data

Bekhtiar, Karim; Bittschi, Benjamin; Sellner, Richard - 2021

In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … workforce variables reestablishes the productivity effects, but still rejects positive wage effects and skill …

Persistent link: https://www.econbiz.de/10012432819

Robots at work? : pitfalls of industry level data

Bekhtiar, Karim; Bittschi, Benjamin; Sellner, Richard - 2021

In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … industries leads to a sizable drop of the productivity effects, halving the effect size for labor productivity and insignificant … controlling for demographic workforce characteristics is essential for obtaining significant labor productivity effects and leads …

Persistent link: https://www.econbiz.de/10012695996

The German manufacturing sector is a granular economy

Wagner, Joachim - 2011 - This version: November 4, 2011

Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...

Persistent link: https://www.econbiz.de/10009356133