G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w26658
来源IDWorking Paper 26658
Growth, Automation and the Long Run Share of Labor
Debraj Ray; ; Dilip Mookherjee
发表日期2020-01-20
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Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Labor Compensation ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w26658
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/584332
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GB/T 7714
Debraj Ray,ⓡ,Dilip Mookherjee. Growth, Automation and the Long Run Share of Labor. 2020.
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