What is the effect of robots and tools on employment and inequality? Using natural language processing and an … instrumental variable approach, we discover that robots have led to a sizable decrease in the employment and wages of low … reinstatement of these workers, increasing their employment and wages. Using a quantitative model, we find that the lower prices of …

What is the effect of robots and tools on employment and inequality? Using natural language processing and an … instrumental variable approach, we discover that robots have led to a sizable decrease in the employment and wages of low … reinstatement of these workers, increasing their employment and wages. Using a quantitative model, we find that the lower prices of …

extended model where robots substitute only for unskilled labor, the terms of trade, and hence GDP, may decline permanently for …: improvements in the productivity of 'robots' drive divergence, as advanced countries differentially benefit from their initially … higher robot intensity, driven by their endogenously higher wages and stock of complementary traditional capital. In addition …