Innovation, automation, and inequality: Policy challenges in the race against the machine
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DOI: 10.1016/j.jmoneco.2019.10.012
Abstract: We analyze the effects of R&D-driven automation on economic growth, education, and inequality when high-skilled workers are complements to machines and low-skilled workers are substitutes for machines. The model predicts that innovation-driven growth leads to… read more here.
Keywords: innovation automation; inequality; education; automation inequality ... See more keywords