The elusive explanation for the declining labor share

GM Grossman, E Oberfield - Annual Review of Economics, 2022 - annualreviews.org
A vast literature seeks to measure and explain the apparent decline in the labor share in
national income that has occurred in recent times in the United States and elsewhere. The …

Automation: Theory, Evidence, and Outlook

P Restrepo - Annual Review of Economics, 2023 - annualreviews.org
This article reviews the literature on automation and its impact on labor markets, wages,
factor shares, and productivity. I first introduce the task model and explain why this …

Tasks, automation, and the rise in US wage inequality

D Acemoglu, P Restrepo - Econometrica, 2022 - Wiley Online Library
We document that between 50% and 70% of changes in the US wage structure over the last
four decades are accounted for by relative wage declines of worker groups specialized in …

De-globalisation? Global value chains in the post-COVID-19 age

P Antràs - 2020 - nber.org
This paper evaluates the extent to which the world economy has entered a phase of
deglobalisation, and it offers some speculative thoughts on the future of global value chains …

Artificial intelligence and industrial innovation: Evidence from German firm-level data

C Rammer, GP Fernández, D Czarnitzki - Research Policy, 2022 - Elsevier
This paper analyses the link between the use of Artificial Intelligence (AI) and innovation
performance in firms. Based on firm-level data from the German part of the Community …

Artificial intelligence and jobs: Evidence from online vacancies

D Acemoglu, D Autor, J Hazell… - Journal of Labor …, 2022 - journals.uchicago.edu
We study the impact of artificial intelligence (AI) on labor markets using establishment-level
data on the near universe of online vacancies in the United States from 2010 onward. There …

[HTML][HTML] Artificial intelligence, firm growth, and product innovation

T Babina, A Fedyk, A He, J Hodson - Journal of Financial Economics, 2024 - Elsevier
We study the use and economic impact of AI technologies. We propose a new measure of
firm-level AI investments using employee resumes. Our measure reveals a stark increase in …

Automation, digitalization, and artificial intelligence in the workplace: implications for political behavior

A Gallego, T Kurer - Annual Review of Political Science, 2022 - annualreviews.org
New technologies have been a key driver of labor market change in recent decades. There
are renewed concerns that technological developments in areas such as robotics and …

Corporate Strategy and the Theory of the Firm in the Digital Age

M Menz, S Kunisch, J Birkinshaw… - Journal of …, 2021 - Wiley Online Library
The purpose of this article is to reinvigorate research in the intersection of corporate strategy
and the theory of the firm in light of the rapid advancement of digital technologies. Using the …

How does the use of industrial robots affect the ecological footprint? International evidence

Y Chen, L Cheng, CC Lee - Ecological Economics, 2022 - Elsevier
While the use of industrial robots (UIR) promotes economic growth, it inevitably also has an
impact on the ecological environment. This research explores the relationship between UIR …