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We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of … automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed …
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This paper assesses the importance of digitalization in Germany and other developed countries with a particular attention to the potential or actual impact it may have on the labor market. Referring to available empirical evidence, we document the already developing transformation of occupations...
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How do firms respond to technological advances that facilitate the automation of tasks? Which tasks will they automate …
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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 …
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Die Fähigkeit zu erfolgreicher technologischer Innovation, in ihrer Bedeutung für wirtschaftliches Wachstum und unternehmerische Wettbewerbsfähigkeit unbestritten, ist im Verlauf zunehmender Intensivierung des Globalisierungsprozesses wieder zu einem hochaktuellen Thema in Wissenschaft,...
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