Demographics and Automation. (10th June 2021)
- Record Type:
- Journal Article
- Title:
- Demographics and Automation. (10th June 2021)
- Main Title:
- Demographics and Automation
- Authors:
- Acemoglu, Daron
Restrepo, Pascual - Editors:
- Krueger, Dirk
- Abstract:
- Abstract: We argue theoretically and document empirically that aging leads to greater (industrial) automation, because it creates a shortage of middle-aged workers specializing in manual production tasks. We show that demographic change is associated with greater adoption of robots and other automation technologies across countries and with more robotics-related activities across U.S. commuting zones. We also document more automation innovation in countries undergoing faster aging. Our directed technological change model predicts that the response of automation technologies to aging should be more pronounced in industries that rely more on middle-aged workers and those that present greater opportunities for automation and that productivity should improve and the labor share should decline relatively in industries that are more amenable to automation. The evidence supports all four of these predictions.
- Is Part Of:
- Review of economic studies. Volume 89:Number 1(2022)
- Journal:
- Review of economic studies
- Issue:
- Volume 89:Number 1(2022)
- Issue Display:
- Volume 89, Issue 1 (2022)
- Year:
- 2022
- Volume:
- 89
- Issue:
- 1
- Issue Sort Value:
- 2022-0089-0001-0000
- Page Start:
- 1
- Page End:
- 44
- Publication Date:
- 2021-06-10
- Subjects:
- Aging -- Automation -- Demographic change -- Economic growth -- Directed technological change -- Productivity -- Robots -- Tasks -- Technology
J11 -- J23 -- J24 -- O33 -- O47 -- O57
Economics -- Periodicals
330 - Journal URLs:
- http://restud.oxfordjournals.org ↗
http://www.blackwellpublishing.com/journal.asp?ref=0034-6527 ↗
http://www.jstor.org/journals/00346527.html ↗
http://ukcatalogue.oup.com/ ↗
http://firstsearch.oclc.org/journal=0034-6527;screen=info;ECOIP ↗ - DOI:
- 10.1093/restud/rdab031 ↗
- Languages:
- English
- ISSNs:
- 0034-6527
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 7790.200000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 20391.xml