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-related aspects. Labor market pressures are felt around the globe, and robots and automation increasingly become reality. However …
Persistent link: https://www.econbiz.de/10011348257
Robots, that is any sort of machinery from computers to artificial intelligence programs that provides a good … reduce opportunities for good jobs and pay. But, with appropriate policies, the higher productivity due to robots can improve …
Persistent link: https://www.econbiz.de/10011404828
We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of perpetual growth, even in the absence of technological progress; (ii) the long-run economic growth rate declines with population growth, which is consistent with the available...
Persistent link: https://www.econbiz.de/10011555352
We analyze the long-run growth effects of automation in the standard overlap- ping generations framework. We show that, in contrast to other neoclassical models of capital accumulation, automation does not promote growth but induces economic stagnation. The reason is that automation suppresses...
Persistent link: https://www.econbiz.de/10011620795
Since the early 1990s, recoveries from recessions in the US have been plagued by weak employment growth. One possible explanation for these "jobless" recoveries is rooted in technological change: middle-skill jobs, often involving routine tasks, are lost during recessions, and the displaced...
Persistent link: https://www.econbiz.de/10011653198
This paper assesses the importance of digitalization in Germany and other developed countries with a particular attention to the potential or actual impact it may have on the labor market. Referring to available empirical evidence, we document the already developing transformation of occupations...
Persistent link: https://www.econbiz.de/10011663472
We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While automation implies constant returns to capital within this model class (even in the absence of technological progress), we show that it does not have the potential to lead to positive...
Persistent link: https://www.econbiz.de/10011669047
A handful of studies have investigated the effects of robots on workers in advanced economies. According to a recent … robots in developing countries. In this paper we analyze the effects of exposure to industrial robots in the Chinese labor … that exposure to robots affected internal mobility and increased the number of labor-related strikes and protests. …
Persistent link: https://www.econbiz.de/10012005982
manufacturing firms over a 27-year period (1990-2016). We focus on three central questions: (1) Which firms adopt robots? (2) What …-ante larger and more productive firms are more likely to adopt robots, while ex-ante more skill-intensive firms are less likely to … robots, and a productivity-enhancing reallocation of labor across firms, away from non-adopters, and toward adopters. …
Persistent link: https://www.econbiz.de/10012018299