Modeling Automation

Modeling automation as factor-augmenting technological change has unappealing implications. Instead, modeling it as the process of machines replacing tasks previously performed by labor is both descriptively realistic and leads to distinct and plausible predictions. In contrast to factor-augmenting...

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Bibliographic Details
Main Authors: Acemoglu, K. Daron (Author), Restrepo, Pascual (Author)
Other Authors: Massachusetts Institute of Technology. Department of Economics (Contributor)
Format: Article
Language:English
Published: American Economic Association, 2020-06-09T14:46:55Z.
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