作者:Autor, David; Chin, Caroline; Salomons, Anna; Seegmiller, Bryan
作者单位:Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Utrecht University; Northwestern University
摘要:We answer three core questions about the hypothesized role of newly emerging job categories (new work) in counterbalancing the erosive effect of task-displacing automation on labor demand: what is the substantive content of new work, where does it come from, and what effect does it have on labor demand? We construct a novel database spanning eight decades of new job titles linked to U.S. Census microdata and to patent-based measures of occupations' exposure to labor-augmenting and labor-automa...
作者:Bernstein, Asaf; Koudijs, Peter
作者单位:University of Colorado System; University of Colorado Boulder; National Bureau of Economic Research; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要:In 2013, the Dutch government mandated that new conforming mortgages must fully amortize. Within a difference-in-differences design, we estimate that the marginal wealth accumulation from amortization is close to one, even five years later. Households purchasing after the reform primarily cut consumption and leisure over other savings, leading to a rise in wealth. This holds if we use life events to instrument for the timing of home purchase. Estimates are similar for seemingly unconstrained h...