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 … and adversely aect the employment share of low-skilled labor. We show that these effects hold only, when comparing hardly … variables reestablishes the productivity effects, but still rejects positive wage effects and skill-biased technological change …