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that it does not have the potential to lead to positive long-growth. The reason is that automation suppresses wages, which … robot tax that has featured prominently in the policy debate on automation and show that it could raise the capital stock … and per capita output at the steady state. However, the robot tax cannot induce a takeoff toward positive long-run growth. …
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In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices …
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In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices …
Persistent link: https://www.econbiz.de/10012432819
that a robot tax has the potential to raise per capita output and welfare at the steady state. However, it cannot induce a …
Persistent link: https://www.econbiz.de/10012181404
to the negative effects of robots on wages. Additionally, investigating only robotizing sectors does not corroborate …In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices …
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, suggesting that a 1% increase in population growth is associated with an approximately 2% reduction in the growth rate of robot … specifications, and changes to the measurement of the stock of robots. …
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2% reduction in the growth rate of robot density. Our results are robust to the inclusion of standard control variables … regressor, and changing the measurement of the stock of robots. …
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