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robot use with a measure of workers' replaceability by robots, which is based on the tasks prevalent in industries before ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …Despite ubiquitous discussions of robots' potential impact, there is almost no systematic empirical evidence on their …
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This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data over 1961-2018 for a panel of 90 advanced and emerging economies. We find that increases in both the young and old population shares have significantly negative effects on labor...
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Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We...
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