| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14286 |
| DP14286 Growth, Automation and the Long Run Share of Labor | |
| Dilip Mookherjee; Debraj Ray | |
| 发表日期 | 2020-01-07 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We provide an argument for long-term automation and decline in the labor income share, driven by capital accumulation rather than technical progress or rising markups. We emphasize a fundamental asymmetry across physical and human capital. An individual can indefinitely replicate her claims on the former, but --- after a point --- her human endowment cannot be cloned and rescaled in the same way. Then ongoing capital accumulation gives rise to progressive automation, and the share of labor income converges to zero. The displacement of human labor is gradual, and real wages could rise indefinitely. The results extend to endogenous technical change. |
| 主题 | Development Economics ; Macroeconomics and Growth |
| URL | https://cepr.org/publications/dp14286 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543178 |
| 推荐引用方式 GB/T 7714 | Dilip Mookherjee,Debraj Ray. DP14286 Growth, Automation and the Long Run Share of Labor. 2020. |
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