| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28440 |
| 来源ID | Working Paper 28440 |
| Uneven Growth: Automation's Impact on Income and Wealth Inequality | |
| Benjamin Moll; Lukasz Rachel; Pascual Restrepo | |
| 发表日期 | 2021-02-08 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | The benefits of new technologies accrue not only to high-skilled labor but also to owners of capital in the form of higher capital incomes. This increases inequality. To make this argument, we develop a tractable theory that links technology to the personal income and wealth distributions – and not just that of wages – and use it to study the distributional effects of automation. We isolate a new theoretical mechanism: automation increases inequality via returns to wealth. The flip side of such return movements is that automation is more likely to lead to stagnant wages and therefore stagnant incomes at the bottom of the distribution. We use a multi-asset model extension to confront differing empirical trends in returns to productive and safe assets and show that the relevant return measures have increased over time. Automation accounts for part of the observed trends in income and wealth inequality and macroeconomic aggregates. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w28440 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586113 |
| 推荐引用方式 GB/T 7714 | Benjamin Moll,Lukasz Rachel,Pascual Restrepo. Uneven Growth: Automation's Impact on Income and Wealth Inequality. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28440.pdf（1921KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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