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trusted methods and pathways could be closing in light of new technological developments such as automation and artificial …
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We introduce automation into the standard Solovian model of capital accumulation and show that (i) there is the … diverted to automation that maximizes the long-run growth rate of the economy; (iv) the labor share declines with automation to …
Persistent link: https://www.econbiz.de/10011458839
We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of … automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed …
Persistent link: https://www.econbiz.de/10011555095
We analyze the effects of declining population growth on automation. A simple theoretical model of capital accumulation … predicts that countries with lower population growth introduce automation technologies earlier. We test the theoretical …, suggesting that a 1% increase in population growth is associated with an approximately 2% reduction in the growth rate of robot …
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We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular … older to middle-aged workers — is associated with greater adoption of robots and other automation technologies across … countries and with more robotics-related activities across US commuting zones. We also provide evidence of more rapid …
Persistent link: https://www.econbiz.de/10011820230
higher robot intensity, driven by their endogenously higher wages and stock of complementary traditional capital. In addition …
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