created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

To understand the effects of automation and other types of technological changes on European labor demand, we use a … factors of production. Automation, by creating a displacement effect, shifts the task content of production against labor …

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the … Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital …. Traditional capital and labor are imperfect substitutes whereas automation capital and labor are perfect substitutes. In this …

Will low-skilled workers be replaced by automation? To answer this question, we set up a search and matching model that … features two skill types of workers and includes automation capital as an additional production factor. Automation capital is a … show that the accumulation of automation capital decreases the labor market tightness in the low-skilled labor market and …

Will low-skilled workers be replaced by automation? To answer this question, we set up a search and matching model that … features two skill types of workers and includes automation capital as an additional production factor. Automation capital is a … show that the accumulation of automation capital decreases the labor market tightness in the low-skilled labor market and …