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On the Welfare Implications of Automation [electronic resource] Eden, Maya.

Author/Creator:
Eden, Maya
Publication:
Washington, D.C. : The World Bank, 2015.
Format/Description:
Government document
Book
1 online resource (47 p.)
Series:
Policy research working papers.
World Bank e-Library.
Status/Location:
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Other Title:
World Bank working papers.
Local subjects:
Social protections and labor. (search)
Private sector development. (search)
Macroeconomics and economic growth. (search)
E-business. (search)
Investment & investment climate. (search)
Economic theory & research. (search)
Emerging markets. (search)
Labor policies. (search)
Labor share. (search)
Capital share. (search)
Job polarization. (search)
ICT. (search)
System Details:
Mode of Access: World Wide Web.
Summary:
This paper establishes that the rise in the income share of information and communication technology accounts for half of the decline in labor income share in the United States. This decline can be decomposed into a sharp decline in the income share of "routine" labor-which is relatively more prone to automation-and a milder rise in the non-routine share. Quantitatively, this decomposition suggests large effects of information and communication technology on the income distribution within labor, but only moderate effects on the distribution of income between capital and labor. A production structure calibrated to match these trends suggests modest aggregate welfare gains from automation.
Contributor:
Eden, Maya
Gaggl, Paul
Other format:
Print Version: Eden, Maya On the Welfare Implications of Automation
Publisher Number:
10.1596/1813-9450-7487
Access Restriction:
Restricted for use by site license.