Format:
1 Online-Ressource (circa 62 Seiten)
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ISBN:
9781484300831
Series Statement:
IMF working paper WP/18, 116
Content:
We may be on the cusp of a 'second industrial revolution' based on advances in artificial intelligence and robotics. We analyze the implications for inequality and output, using a model with two assumptions: 'robot' capital is distinct from traditional capital in its degree of substitutability with human labor; and only capitalists and skilled workers save. We analyze a range of variants that reflect widely different views of how automation may transform the labor market. Our main results are surprisingly robust: automation is good for growth and bad for equality; in the benchmark model real wages fall in the short run and eventually rise, but 'eventually' can easily take generations
Additional Edition:
Erscheint auch als Druck-Ausgabe Berg, Andrew Should We Fear the Robot Revolution? (The Correct Answer is Yes) Washington, D.C. : International Monetary Fund, 2018 ISBN 9781484300831
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484300831.001
URL:
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