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 …

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 …

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 …

-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the … difficulty of separating these two effects. We use newly-developed techniques to separately estimate productivity and markups …