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Robots at Work
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
London Sch Econ, London, England.
2018 (English)In: Review of Economics and Statistics, ISSN 0034-6535, E-ISSN 1530-9142, Vol. 100, no 5, p. 753-768Article, review/survey (Refereed) Published
Abstract [en]

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 countries from 1993 to 2007 and new instrumental variables that rely on robots' comparative advantage in specific tasks. Our findings suggest that increased robot use contributed approximately 0.36 percentage points to annual labor productivity growth, while at the same time raising total factor productivity and lowering output prices. Our estimates also suggest that robots did not significantly reduce total employment, although they did reduce low-skilled workers' employment share.

Place, publisher, year, edition, pages
2018. Vol. 100, no 5, p. 753-768
National Category
Robotics Economics and Business
Identifiers
URN: urn:nbn:se:uu:diva-373073DOI: 10.1162/rest_a_00754ISI: 000453815900001OAI: oai:DiVA.org:uu-373073DiVA, id: diva2:1277920
Available from: 2019-01-11 Created: 2019-01-11 Last updated: 2019-01-11Bibliographically approved

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Graetz, Georg

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