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century or more; only later did productivity gains bring declining employment. What changed? The elasticity of demand. Using … growth because demand was highly elastic. But demand later became satiated, leading to job losses. A simple model explains …
Persistent link: https://www.econbiz.de/10012902140
industries experiencing rapid technological change. What changed? Demand was highly elastic at first and then became inelastic …. The effect of artificial intelligence on jobs will similarly depend critically on the nature of demand. This paper … presents a simple model of demand that accurately predicts the rise and fall of employment in the textile, steel and automotive …
Persistent link: https://www.econbiz.de/10012929546
industries experiencing rapid technological change. What changed? Demand was highly elastic at first and then became inelastic …. The effect of artificial intelligence on jobs will similarly depend critically on the nature of demand. This paper … presents a simple model of demand that accurately predicts the rise and fall of employment in the textile, steel and automotive …
Persistent link: https://www.econbiz.de/10012453478
We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...
Persistent link: https://www.econbiz.de/10014436977
In this paper, we redefine the concept of job demand and specify its four properties, namely, timeframe, quantity, pace … and quality of job demand. We also clarify job demand observation and job demand perception as two distinct types of … subjective job demand. Then, we discuss the process that links these concepts. We argue that job demand perception reflects the …
Persistent link: https://www.econbiz.de/10013137335
, albeit causing short-term deviations of labor demand behavior across countries, leave the long-run structure of the labor …
Persistent link: https://www.econbiz.de/10011493666
für eine zunehmende Nachfrage nach flexiblem Arbeitskräfteeinsatz, jedoch bleiben, wie auch bei der Telearbeit … market of temporary work in Germany is a clear sign of an increasing demand on flexible manpower use. Nevertheless, growth …
Persistent link: https://www.econbiz.de/10011476242
This paper considers the labor market and distributional implications of a scenario of ever-more-intelligent autonomous machines that substitute for human labor and drive down wages. We lay out three concerns arising from such a scenario and evaluate recent predictions and objections to these...
Persistent link: https://www.econbiz.de/10013334391
We ask whether a technical objective of using human performance of tasks as a benchmark for AI performance will result in the negative outcomes highlighted in prior work in terms of jobs and inequality. Instead, we argue that task automation, especially when driven by AI advances, can enhance...
Persistent link: https://www.econbiz.de/10014421192
2003 and 2018, this paper introduces new stylized facts on how firms’ relative demand for labor and capital evolved as …
Persistent link: https://www.econbiz.de/10012308878