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Recent evidence for the U.S. suggests that recessions play a crucial role in promoting automation and the reallocation … of productive resources, which in turn increase aggregate productivity and lead to a higher standard of living. I present … technology revolution, fully all of the Canadian decline in routine job employment occurred during the three recessions. A …
Persistent link: https://www.econbiz.de/10012241594
Recent evidence suggests that recessions play a crucial role in promoting automation and the reallocation of productive … resources. Consistent with this, I show that in the three previous Canadian recessions, routine jobs were disproportionately …, income groups, industries, and regions, the two indices are strongly negatively correlated, suggesting that automation will …
Persistent link: https://www.econbiz.de/10012285610
I examine the short-term labor market effects of the Great Lockdown in the United States. I analyze job losses by task content (Acemoglu & Autor 2011), and show that they follow underlying trends; jobs with a high non-routine content are especially well-protected, even if they are not...
Persistent link: https://www.econbiz.de/10012306404
To examine the drivers of innovation, this paper studies the global R&D effort to fight the deadliest diseases and … innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with limited … economists are naturally in favor of market size as a driving force for innovation (i.e."if the market size is sufficiently large …
Persistent link: https://www.econbiz.de/10012430944
During crises, governments resort to extraordinary fiscal and financial measures to mitigate the recessionary impacts of crises. These macroeconomic intervention measures along with aggregate demand and supply shocks and policy choices would affect the exporting environment of a country through...
Persistent link: https://www.econbiz.de/10014352025
This paper examines the long-run effects of the 1980-1982 recession on education and income. Using confidential Census data, I estimate difference-in-differences regressions that exploit variation across counties in recession severity and across cohorts in age at the time of the recession. For...
Persistent link: https://www.econbiz.de/10012022789
. Whereas recent recessions in advanced economies usually had a disproportionate impact on men's employment, giving rise to the … childcare and experienced greater productivity reductions than men. We discuss what our findings imply for gender equality in a …
Persistent link: https://www.econbiz.de/10012493353
We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...
Persistent link: https://www.econbiz.de/10012207117
We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...
Persistent link: https://www.econbiz.de/10012211549
-COVID-19 automation and technology penetration using various logistic regression models. A field survey was used to collect the … concerning technology deployment and automation. …
Persistent link: https://www.econbiz.de/10014535496