To rationalize a substantial income share of labor despite progressive task automation over the centuries, we present a … sophistication. Automation of more sophisticated goods requires capital of increasing quality. Quality capital remains scarce along …

A central question in economics is whether automation will displace human labor and diminish standards of living … long tail distribution, where innovation in demand for new niche outputs competes with innovation in supply automation for … mature outputs. Our model yields analytic expressions and asymptotes for the shares of automation and labor in terms of just …

To rationalize a substantial income share of labor despite progressive task automation over the centuries, we present a … sophistication. Automation of more sophisticated goods requires capital of increasing quality. Quality capital remains scarce along …

developments, some argue that large shares of jobs are "at risk of automation", spurring public fears of massive job-losses and …. First, the chapter discusses estimates of automation potentials, showing that many estimates are severely upward biased …

of how automation and artificial intelligence could reshape society and the economy. However, technological shifts in …

developments, some argue that large shares of jobs are "at risk of automation", spurring public fears of massive job-losses and …. First, the chapter discusses estimates of automation potentials, showing that many estimates are severely upward biased …

How do firms respond to technological advances that facilitate the automation of tasks? Which tasks will they automate …