Results

Journal article

International Economic Review: Forthcoming

Productive Robots and Industrial Employment: The Role of National Innovation Systems

In a model with robots, automatable and nonautomatable production, we study robot-labor substitutions and show how they are influenced by a country's “innovation system.” Substitution depends on demand and production ela...Read more...

CEP discussion paper

Productive robots and industrial employment: the role of national innovation systems

In a model with robots, and automatable and non-automatable human tasks, we examine robot-labour substitutions and show how they are influenced by a country's 'innovation system'. Substitution depends on demand and produ...Read more...

CEP discussion paper

Multinationals, robots and the labor share

Using a panel of Spanish manufacturing firms covering the 1990-2017 period, this paper shows that firms acquired by multinational enterprises experience a reduction in the labor share. Acquisitions drive significant chan...Read more...

Chapter

The effects of automation on labor demand: a survey of the recent literature

in Robots and AI - a new economic era

Robots and artificial intelligence (AI) are powerful forces that will likely have large impacts on the size, direction, and composition of international trade flows. This book discusses how industrial robots, automation,...Read more...

CEP discussion paper

Foreign ownership and robot adoption

This paper shows that multinational enterprises (MNEs) spur the adoption of industrial robots. First, I document a positive and robust correlation between multinational production and robot adoption using a new cross-cou...Read more...

Journal article

Review of Economics and Statistics:

Robots at work

We analyze for the first time the economic contributions of modern industrial robots, which are flexible, versatile, and autonomous machines. We use novel panel data on robot adoption within industries in seventeen count...Read more...

CentrePiece article

In brief... Is technology to blame for jobless recoveries?

Since the early 1990s, the United States has been plagued by weak employment growth when emerging from recessions – so-called ‘jobless recoveries’. Georg Graetz and Guy Michaels look at multiple recoveries elsewhere in t...Read more...

CEP discussion paper

Is modern technology responsible for jobless recoveries?

Since the early 1990s, recoveries from recessions in the US have been plagued by weak employment growth. One possible explanation for these “jobless” recoveries is rooted in technological change: middle-skill jobs, often...Read more...

CentrePiece article

Robots at work: the impact on productivity and jobs

Robots may seem dangerous not only to cinema action heroes but also to the average manufacturing worker.To assess whether such concerns are well founded, Guy Michaels and Georg Graetz analyse the labour market effects of...Read more...

CEP discussion paper

Robots at work

Despite ubiquitous discussions of robots’ potential impact, there is almost no systematic empirical evidence on their economic effects. In this paper we analyze for the first time the economic impact of industrial robots...Read more...