Abstract
This paper examines the evolution of unemployment in a task-based model that allows for two types of technical change. One is automation, which turns labor tasks into mechanized ones. The second is addition of new labor tasks, which increases specialization, as in the expanding variety literature. The paper shows that in equilibrium the unemployment caused by automation converges to zero over time.
Original language | English |
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Pages (from-to) | 215-250 |
Number of pages | 36 |
Journal | Journal of Economic Growth |
Volume | 29 |
Issue number | 2 |
DOIs | |
State | Published - Jun 2024 |
Bibliographical note
Publisher Copyright:© The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2023.
Keywords
- Automation
- Factor shares
- Growth
- J64
- O14
- O30
- O40
- Technical change
- Unemployment