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from country industry variation in the adoption of robots. Our model also implies that the productivity implications of … aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor …
Persistent link: https://www.econbiz.de/10011820230
We assess the effects of changes in household size on the long-run evolution of living standards and on cross-country convergence. When the observed changes in average household size across countries are taken into consideration, growth in living standards is slower throughout the 20th century...
Persistent link: https://www.econbiz.de/10011815287
aging on economic growth, it is important to consider the changes in the entire age distribution of demography. Our …, labor productivity, automation, and total factor productivity. We find that increasing life expectancy and labor … productivity benefit old age groups as they likely help older age groups contribute more positively to future growth. More …
Persistent link: https://www.econbiz.de/10012242100
lower labor force participation and productivity of older workers or because aging will create an excess of savings over …
Persistent link: https://www.econbiz.de/10011689142
We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …
Persistent link: https://www.econbiz.de/10011975741
Productivity across European regions is related to three types of networks that mediate R&D-related knowledge … co-patenting relations appear to affect local productivity directly, regions that link up to innovative leader regions … via imports gain in productivity only when they have relatively high levels of human capital and absorptive capacity. From …
Persistent link: https://www.econbiz.de/10011772896
inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …
Persistent link: https://www.econbiz.de/10011951702
substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
Persistent link: https://www.econbiz.de/10012262282
impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
Persistent link: https://www.econbiz.de/10012517812
A quarter-century after reunification, labor productivity in eastern Germany continues to lag systematically behind the … West. Denison-Hall-Jones point-in-time estimates point to large gaps in total factor productivity as the proximate cause …
Persistent link: https://www.econbiz.de/10011437754