Unpacking Skill Bias: Automation and New Tasks
We extend the canonical model of skill-biased technical change by modeling the allocation of tasks to factors and allowing for automation and the creation of new tasks. In our model, factor prices depend on the set of tasks they perform. Automation can reduce real wages and generate sizable changes...
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| Format: | Article |
| Language: | English |
| Published: |
American Economic Association,
2021-04-01T13:59:46Z.
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| Online Access: | Get fulltext |