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 …

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 …

-- 7. Artificial Intelligence, Income, Employment, and Meaning / Betsey Stevenson -- 8. Artificial Intelligence, Automation … / James Bessen -- 11. Public Policy in an AI Economy / Austan Goolsbee -- 12. Should We Be Reassured If Automation in the … Future Looks Like Automation in the Past? / Jason Furman -- 13. R&amp -- D, Structural Transformation, and the Distribution …

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 …

older to middle-aged workers — is associated with greater adoption of robots and other automation technologies across …We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular …, to more intensive use and development of robots. Using US data, we document that robots substitute for middle …

: improvements in the productivity of 'robots' drive divergence, as advanced countries differentially benefit from their initially … higher robot intensity, driven by their endogenously higher wages and stock of complementary traditional capital. In addition … extended model where robots substitute only for unskilled labor, the terms of trade, and hence GDP, may decline permanently for …