Search Results

SORT BY: PREVIOUS / NEXT
Keywords:automation 

Discussion Paper
“Forced Automation” by COVID-19? Early Trends from Current Population Survey Data

This empirical study evaluates whether COVID-19 and the threat of future pandemics has expedited the process of automation in the U.S. The results suggest that the pandemic displaced more workers in automatable occupations, putting them at a greater risk of being permanently automated. The automatable jobs that are more vulnerable to the pandemic include jobs that do not permit remote work, have a high risk of COVID-19 transmission, or are in the most affected sectors. While most of the job losses during the pandemic are expected to be temporary, a replication of the analysis for the Great ...
Community Affairs Discussion Paper

Working Paper
The Future of Labor: Automation and the Labor Share in the Second Machine Age

We study the effect of modern automation on firm-level labor shares using a 2018 survey of 1,618 manufacturing firms in China. We exploit geographic and industry variation built into the design of subsidies for automation paid under a vast government industrialization program, “Made In China 2025,” to construct an instrument for automation investment. We use a canonical CES framework of automation and develop a novel methodology to structurally estimate the elasticity of substitution between labor and automation capital among automating firms, which for our preferred specification is 3.8. ...
Working Papers , Paper 20-11

Working Paper
The Covid-19 Pandemic Spurred Growth in Automation: What Does this Mean for Minority Workers?

The Covid-19 pandemic has accelerated trends in automation as many employers seek to save on labor costs amid widespread illness, increased worker leverage, and market pressures to onshore supply chains. While existing research has explored how automation may displace non-specialized jobs, there is typically less attention paid to how this displacement may interact with preexisting structural issues around racial inequality. This analysis updates that of a 2021 Brookings paper by the authors, finding that Black and Hispanic workers continue to be overrepresented in the 30 occupations with the ...
Working Paper Series , Paper WP 2023-06

Newsletter
Automation and the Minimum Wage

This issue explains how a higher mandated minimum wage may lead some firms to substitute capital for labor, likely reducing job opportunities.
Page One Economics Newsletter

Working Paper
Automation, Bargaining Power, and Labor Market Fluctuations

We argue that the threat of automation weakens workers' bargaining power in wage negotiations, dampening wage adjustments and amplifying unemployment fluctuations. We make this argument based on a quantitative business cycle model with labor market search frictions, generalized to incorporate automation decisions and estimated to fit U.S. time series. In the model, procyclical automation threats create real wage rigidity that amplify labor market fluctuations. We find that this automation mechanism is quantitatively important for explaining the large volatilities of unemployment and vacancies ...
Working Paper Series , Paper 2019-17

Does Worker Scarcity Spur Investment, Automation and Productivity? Evidence from Earnings Calls

An analysis suggests labor issues like higher wages and hiring difficulties have prompted some firms to invest in automation, leading to productivity growth.
On the Economy

Working Paper
Automation, Market Concentration, and the Labor Share

Since the early 2000s, a rising share of production has been concentrated in a small number of superstar firms. We argue that the rise of automation technologies and the cross-sectional variation of robot use rates have contributed to the increases in industrial concentration. Motivated by empirical evidence, we build a general equilibrium model with heterogeneous firms, endogenous automation decisions, and variable markups. Firms choose between two types of technologies, one uses workers only and the other uses both workers and robots subject to an idiosyncratic fixed cost of robot ...
Working Paper Series , Paper 2022-05

Journal Article
The Resurgence of Universal Basic Income

Concerns about the effects of automation have brought an old policy proposal back into the limelight
Econ Focus , Issue 3Q , Pages 16-19

Working Paper
Can Pandemic-Induced Job Uncertainty Stimulate Automation?

The COVID-19 pandemic has raised concerns about the future of work. The pandemic may become recurrent, necessitating repeated adoptions of social distancing measures (voluntary or mandatory), creating substantial uncertainty about worker productivity. But robots are not susceptible to the virus. Thus, pandemic-induced job uncertainty may boost the incentive for automation. However, elevated uncertainty also reduces aggregate demand and reduces the value of new investment in automation. We assess the importance of automation in driving business cycle dynamics following an increase in job ...
Working Paper Series , Paper 2020-19

FILTER BY year

FILTER BY Content Type

FILTER BY Jel Classification

E24 8 items

O33 7 items

J24 4 items

J64 4 items

J23 3 items

E25 2 items

show more (15)

FILTER BY Keywords

PREVIOUS / NEXT