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We are witnessing the start of a deep and prolonged political convulsion. This convulsion is caused by the impact of technological change on how wealth is generated and distributed in our societies. Since the 1970s advanced economies have seen a strong productivity increase and stagnant labor...
Persistent link: https://www.econbiz.de/10011674074
survey (ESJS), jobs are bundled according to their estimated risk of automation. The paper builds on the methodology of … very high risk of automation. The distribution of high automatability across industries and occupations is also found to be …
Persistent link: https://www.econbiz.de/10011913466
We study how new digital technology reshapes vocational training and skill acquisition and its impact on workers’ careers. We construct a novel database of legally binding training curricula and changes therein, spanning the near universe of vocational training in Germany over five decades,...
Persistent link: https://www.econbiz.de/10014578032
polarization resulted from increased automation, and provide a theoretical explanation. In our model, firms deciding whether to … fall. In addition to explaining job polarization, our model makes sense of observed patterns of automation and accounts for …
Persistent link: https://www.econbiz.de/10010484463
We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of … intermediate complexity are assigned to capital. Interior automation arises when the most skilled workers have a comparative …
Persistent link: https://www.econbiz.de/10014496402
The automation of work tasks due to technological change increases the pressure on employees whose workplaces consist … substitutable tasks performed and the risk of automation. These returns to training are highly relevant, but as yet little studied … informal training on work tasks and the automation probability for workers at risk of automation. The results show that …
Persistent link: https://www.econbiz.de/10012242649
This paper investigates the impact of artificial intelligence (AI) adoption in production processes on workplace training practices, using firm-level data from the BIBB establishment panel on training and competence development (2019-2021). The findings reveal that AI adoption reduces the...
Persistent link: https://www.econbiz.de/10015075915
Policymakers fear artificial intelligence (AI) will disrupt labor markets, especially for high-skilled workers. We investigate this concern using novel, task-specific data for security analysts. Exploiting variation in AI's power across stocks, we show analysts with portfolios that are more...
Persistent link: https://www.econbiz.de/10012419400
Using firm-level data covering the 27 EU countries, the UK and the US, we show that employers tend to reduce investment in training per employee after adopting advanced digital technologies (ADT). We estimate with a control function approach firm-level production functions augmented with two...
Persistent link: https://www.econbiz.de/10013543206
This paper investigates basic relationships between technology and occupations. Building a general occupational model, I look at detailed occupations since 1980 to explore whether computers are related to job losses or other sources of wage inequality. Occupations that use computers grow faster,...
Persistent link: https://www.econbiz.de/10014131746