We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While … automation implies constant returns to capital within this model class (even in the absence of technological progress), we show … that it does not have the potential to lead to positive long-growth. The reason is that automation suppresses wages, which …

contribution of automation to the task content and skills complexity of the jobs of incumbent workers. Despite the recent focus on … the polarising impact of automation and associated reskilling needs of lower-skilled individuals, our evidence also draws …