The macroeconomics of automation: Data, theory, and policy analysis

• 成果类型: Article
• 署名作者: Jaimovich, Nir; Saporta-Eksten, Itay; Siu, Henry; Yedid-Levi, Yaniv
• 署名单位: University of Zurich; Tel Aviv University; University of British Columbia; Reichman University
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2021.06.004
• 发表日期: 2021
• 页码: 1-16
• 关键词: polarization; automation; Routine employment; labor force participation; Universal basic income

摘要

The decline in middle-wage occupations and rise in automation over the last decades are at the center of policy discussions. We develop an empirically relevant general equilibrium model that features endogenous labor force participation, occupational choice, and automation capital. We use the model to consider two types of policies: the retraining of workers who were adversely affected by automation, and redistribution policies that transfer resources to these workers. Our framework emphasizes general equilibrium effects such as displacement effects of retraining programs, complementarities between the factors of production, and the effects of distortionary taxation that is required to fund these programs. (c) 2021 Elsevier B.V. All rights reserved.