On the Welfare Implications of Automation

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 shar...

Full description

Bibliographic Details
Main Authors:	Eden, Maya, Gaggl, Paul
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	SELF EMPLOYED GROWTH RATES EMPLOYMENT SOCIAL COSTS CONSUMPTION EXPENDITURES CAPITAL MARKETS CONSUMER DURABLES ECONOMIC GROWTH ACCOUNTING PRODUCTION COMMUNICATION TECHNOLOGIES CAPITAL ACCUMULATION STOCK INFORMATION TECHNOLOGY INCOME DEPRECIATION SERVICE OCCUPATIONS LABOR ALLOCATION EXCHANGE INFORMATION EXPORTS ELASTICITY ASSET MARGINAL PRODUCT NET CAPITAL DISTRIBUTION OF INCOME WELFARE OPTIMIZATION EFFECTS LABOR ECONOMICS DISTRIBUTION EQUILIBRIUM VARIABLES CAPITAL STOCK PRICE TAX INPUTS REAL WAGES RETURNS TO SCALE NOMINAL CAPITAL PAYMENTS WEALTH COMPUTER SYSTEMS RENTS ECONOMIC ANALYSIS TRENDS DRIVERS COMMUNICATIONS LABOR MARKET CAPITAL INTENSITY MARGINAL PRODUCTS INVESTMENT BEHAVIOR PRODUCTION STRUCTURE COSTS LABOR ALLOCATIONS DEVELOPMENT ECONOMICS EXTENSIVE CAPITAL GAINS CONSTANT RETURNS TO SCALE BASE YEAR PRODUCTIVITY BARRIERS TO ENTRY MARKETS NET EXPORTS ORGANIZATIONS ACCUMULATION LABOR ELASTICITY OF SUBSTITUTION CAPITAL STOCKS UTILITY INVENTORY GAINS REAL ESTATE ECONOMIC RESEARCH UNEMPLOYMENT BLUE COLLAR OCCUPATIONS INVESTORS PRODUCTIVITY GROWTH DATA AVAILABILITY CONSUMPTION FACTOR MARKETS GENERAL EQUILIBRIUM TECHNOLOGICAL CHANGE VALUE ADDED TAX INCENTIVE AGGREGATE SUPPLY CAPITAL WAGES INTERNATIONAL TRADE BARRIERS FUTURE VALUE PENSIONS COMPETITIVENESS MACROECONOMICS OCCUPATIONS EXPENDITURES INCOMES SHARE OF CAPITAL MEASUREMENT SHARES AFFILIATED ORGANIZATIONS ASSETS BENCHMARK PRODUCTION FUNCTION ECONOMICS ENDOGENOUS VARIABLES SECRETARIES OUTPUT MANAGEMENT FUNCTIONAL FORMS TRADE INVESTMENT RATES GDP GOODS INVESTOR THEORY INTANGIBLE GROWTH RATE INVESTMENT MACROECONOMIC ANALYSIS SHARE SUPPLY AFFILIATED OPTIMAL ALLOCATION SHARE CAPITAL LABOR SUPPLY TAX POLICY RETURN ON INVESTMENT COMMUNICATION DEMOGRAPHIC ARBITRAGE COMMUNICATION TECHNOLOGY LABOR MARKETS SAFETY ADVERSE EFFECTS PRICES DEVELOPMENT POLICY
Online Access:	http://documents.worldbank.org/curated/en/2015/11/25380579/welfare-implications-automation http://hdl.handle.net/10986/23453

Internet

http://documents.worldbank.org/curated/en/2015/11/25380579/welfare-implications-automation
http://hdl.handle.net/10986/23453

On the Welfare Implications of Automation

Internet

Similar Items