Automation And Its Macroeconomic Consequences Theory Evidence And Social Impacts 1st edition by Klaus Prettner,David Bloom 9780128180280 0128180285

Chapter 1. Introduction

Abstract

1.1 Technological progress and its economic consequences

1.2 The economic consequences of automation: Could this time be different?

1.3 The social impacts of automation

1.4 The race against, or the race with, the machine?

1.5 Summary

References

Chapter 2. The stylized facts

Abstract

2.1 Adoption of automation technology

2.2 Dynamics of economic growth and welfare

2.3 Dynamics of the labor force and of unemployment

2.4 The evolution of inequality

2.5 Summary

References

Chapter 3. Empirical evidence on the economic effects of automation

Abstract

3.1 Occupations, jobs, and tasks susceptible to automation

3.2 Cross-country evidence on the economic consequences of automation

3.3 Summary

References

Chapter 4. A simple macroeconomic framework for analyzing automation

Abstract

4.1 Preliminaries and definitions

4.2 The simplest version of the standard 1956 Solow model in discrete time

4.3 The Solow model in continuous time with technological progress and with population growth

4.4 The Solow model with automation

4.5 Endogenization of the share of investment in traditional physical capital

4.6 Automation and wage inequality

4.7 The tradeoff between growth and inequality

4.8 Summary

References

Chapter 5. Endogenous savings and extensions of the baseline model

Abstract

5.1 Introduction

5.2 Cookbook procedures for static and dynamic optimization

5.3 Endogenous savings in the Ramsey–Cass–Koopmans model

5.4 Automation in the Ramsey–Cass–Koopmans model

5.5 Endogenous savings in the OLG model

5.6 Automation in the OLG model

5.7 Discussion of extensions

5.8 Summary

References

Chapter 6. Automation as a potential response to the challenges of demographic change

Abstract

6.1 Introduction and stylized facts

6.2 Demographic change and its economic consequences

6.3 How robots can help

6.4 Future employment projections based on automation

6.5 The reverse channel: could robots affect demography?

6.6 Summary

References

Chapter 7. Policy challenges

Abstract

7.1 The challenges

7.2 Education as a strategy to cope with the negative effects of automation

7.3 Labor market policies

7.4 Taxation in the age of automation

7.5 Social security in the age of automation

7.6 Demand-side policies

7.7 Summary

References

Chapter 8. Peering into the future: long-run economic and social consequences of automation; with an epilogue on COVID-19

Abstract

8.1 Joblessness, misery, and deaths of despair or “the happy leisure society”?

8.2 Spatial and regional implications: the future of cities

8.3 The question of how we care for each other

8.4 The meaning of being human

8.5 Epilogue on COVID-19