Semantic Scholar Open Access 2018 283 sitasi

Low-Skill and High-Skill Automation

D. Acemoglu P. Restrepo

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Abstrak

We present a task-based model in which high- and low-skill workers compete against machines in the production of tasks. Low-skill (high-skill) automation corresponds to tasks performed by low-skill (high-skill) labor being taken over by capital. Automation displaces the type of labor it directly affects, depressing its wage. Through ripple effects, automation also affects the real wage of other workers. Counteracting these forces, automation creates a positive productivity effect, pushing up the price of all factors. Because capital adjusts to keep the interest rate constant, the productivity effect dominates in the long run. Finally, low-skill (high-skill) automation increases (reduces) wage inequality.

Topik & Kata Kunci

Economics Computer Science

Penulis (2)

D. Acemoglu

P. Restrepo

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Acemoglu, D., Restrepo, P. (2018). Low-Skill and High-Skill Automation. https://doi.org/10.1086/697242

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Lihat di Sumber doi.org/10.1086/697242

Informasi Jurnal

Tahun Terbit: 2018
Bahasa: en
Total Sitasi: 283×
Sumber Database: Semantic Scholar
DOI: 10.1086/697242
Akses: Open Access ✓