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Persistent link: https://www.econbiz.de/10013459673
This paper links the effects that automation has on labor to fertility timing decisions. The intuition behind such a relation is formalized by an optimal stopping model of fertility, where having a child is viewed as an investment. Its opportunity cost is modeled as a stochastic process, which...
Persistent link: https://www.econbiz.de/10013312338
The adoption of industrial automated technology in the US is associated with a decrease in wages, stronger for men than for women. This paper investigates how this affects households' allocation of time by constructing a measure of labor markets' exposure to industrial robots. Higher exposure is...
Persistent link: https://www.econbiz.de/10014255758