Cover for Automation and Its Macroeconomic Consequences

Automation and Its Macroeconomic Consequences

Theory, Evidence, and Social Impact

Book2020

Authors:

Klaus Prettner and David E. Bloom

Automation and Its Macroeconomic Consequences

Theory, Evidence, and Social Impact

Book2020

 

Cover for Automation and Its Macroeconomic Consequences

Authors:

Klaus Prettner and David E. Bloom

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Book description

Automation and Its Macroeconomic Consequences reveals new ways to understand the economic characteristics of our increasing dependence on machines. Illuminating technical and socia ... read full description

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  2. Book chapterAbstract only

    Chapter 1 - Introduction

    Pages 1-20

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    Chapter 2 - The stylized facts

    Pages 21-46

  4. Book chapterAbstract only

    Chapter 3 - Empirical evidence on the economic effects of automation

    Pages 47-65

  5. Book chapterAbstract only

    Chapter 4 - A simple macroeconomic framework for analyzing automation

    Pages 67-112

  6. Book chapterAbstract only

    Chapter 5 - Endogenous savings and extensions of the baseline model

    Pages 113-162

  7. Book chapterAbstract only

    Chapter 6 - Automation as a potential response to the challenges of demographic change

    Pages 163-185

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    Chapter 7 - Policy challenges

    Pages 187-208

  9. Book chapterAbstract only

    Chapter 8 - Peering into the future: long-run economic and social consequences of automation; with an epilogue on COVID-19

    Pages 209-221

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    Index

    Pages 223-228

About the book

Description

Automation and Its Macroeconomic Consequences reveals new ways to understand the economic characteristics of our increasing dependence on machines. Illuminating technical and social elements, it describes economic policies that could counteract negative income distribution consequences of automation without hampering the adoption of new technologies. Arguing that modern automation cannot be compared to the Industrial Revolution, it considers consequences of automation such as spatial patterns, urbanization, and regional concerns. In touching upon labor, growth, demographic, and policy, Automation and its Macroeconomic Consequences stands at the intersection of technology and economics, offering a comprehensive portrait illustrated by empirical observations and examples.

Automation and Its Macroeconomic Consequences reveals new ways to understand the economic characteristics of our increasing dependence on machines. Illuminating technical and social elements, it describes economic policies that could counteract negative income distribution consequences of automation without hampering the adoption of new technologies. Arguing that modern automation cannot be compared to the Industrial Revolution, it considers consequences of automation such as spatial patterns, urbanization, and regional concerns. In touching upon labor, growth, demographic, and policy, Automation and its Macroeconomic Consequences stands at the intersection of technology and economics, offering a comprehensive portrait illustrated by empirical observations and examples.

Key Features

  • Introduces formal growth models that include automation and the empirical specifications on which the data-driven results rely
  • Focuses on formal modeling, empirical analysis and derivation of evidence-based policy conclusions
  • Considers consequences of automation, such as spatial patterns, urbanization and regional concerns
  • Introduces formal growth models that include automation and the empirical specifications on which the data-driven results rely
  • Focuses on formal modeling, empirical analysis and derivation of evidence-based policy conclusions
  • Considers consequences of automation, such as spatial patterns, urbanization and regional concerns

Details

ISBN

978-0-12-818028-0

Language

English

Published

2020

Copyright

Copyright © 2020 Elsevier Inc. All rights reserved.

Imprint

Academic Press

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Authors

Klaus Prettner

University of Hohenheim, Institute of Economics, Stuttgart, Germany

David E. Bloom

Harvard T.H. Chan School of Public Health, Boston, MA, United States