Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the … Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital …. Traditional capital and labor are imperfect substitutes whereas automation capital and labor are perfect substitutes. In this …

We analyze the effects of declining population growth on automation. A simple theoretical model of capital accumulation … predicts that countries with lower population growth introduce automation technologies earlier. We test the theoretical …

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 …

-related aspects. Labor market pressures are felt around the globe, and robots and automation increasingly become reality. However …