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The authors explore the impact of artificial intelligence on the economy by improving the neoclassical production function and the task-based model. Based on the capital accumulation of artificial intelligence and technological progress, they present a theoretical model that explores the effect...
Persistent link: https://www.econbiz.de/10012060689
contribution of automation to the task content and skills complexity of the jobs of incumbent workers. Despite the recent focus on … the polarising impact of automation and associated reskilling needs of lower-skilled individuals, our evidence also draws …
Persistent link: https://www.econbiz.de/10012062977
This paper investigates several channels through which automation affects an emerging economy. Building on a Ricardian …, it is shown that domestic and foreign automation have differential effects on labor markets. Based on this model, the … impact of automation on local labor markets in Brazil are estimated using a shift-share approach. Local labor market …
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Forecasts about the effect of new technologies on labor demand are generally pessimistic. However, little is known about the current level of adoption and the effect on labor demand, particularly in developing countries. This paper exploits a recent employer survey in Peru to offer empirical...
Persistent link: https://www.econbiz.de/10012098120
a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation … vulnerable to holdup. This suggests that automation is used by producers as a tool to thwart rent appropriation by labor. …
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This study follows the Lordan and Neumark (2018) analysis for the US, and examines whether minimum wage increases affect employment opportunities in automatable jobs in the UK for low-skilled low-wage workers. Overall, I find that increasing the minimum wage decreases the share of automatable...
Persistent link: https://www.econbiz.de/10012127323