The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment

We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and techno...

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Bibliographic Details
Main Authors: Acemoglu, K. Daron, Restrepo, Pascual
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:English
Published: American Economic Association 2020
Online Access:https://hdl.handle.net/1721.1/128856