Automation and unemployment: help is on the way

Hideki Nakamura, Joseph Zeira*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

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 languageEnglish
Pages (from-to)215-250
Number of pages36
JournalJournal of Economic Growth
Volume29
Issue number2
DOIs
StatePublished - 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

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