G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w21091
来源IDWorking Paper 21091
Robots: Curse or Blessing? A Basic Framework
Jeffrey D. Sachs; Seth G. Benzell; Guillermo LaGarda
发表日期2015-04-13
出版年2015
语种英语
摘要Do robots raise or lower economic well-being? On the one hand, they raise output and bring more goods and services into reach. On the other hand, they eliminate jobs, shift investments away from machines that complement labor, lower wages, and immiserize workers who cannot compete. The net effect of these offsetting forces is unclear. This paper seeks to clarify how economic outcomes, positive or negative, depend both on specific parameters of the economy and public policy. We find that a rise in robotic productivity is more likely to lower the welfare of young workers and future generations when the saving rate is low, automatable and non-automatable goods are more substitutable in consumption, and when traditional capital is a more important complement to labor. In some parameterizations the relationship of utility to robotic productivity follows a “noisy U” as large innovations are long-run welfare improving even though small innovations are immiserizing. Policies that redistribute income across generations can ensure that a rise in robotic productivity benefits all generations.
主题Macroeconomics ; Consumption and Investment ; Public Economics ; National Fiscal Issues ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w21091
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578766
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Jeffrey D. Sachs,Seth G. Benzell,Guillermo LaGarda. Robots: Curse or Blessing? A Basic Framework. 2015.
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