The Future of Labor: Automation and the Labor Share in the Second Machine Age

A Multisector Perspective on Wage Stagnation

“…5 This is accompanied by a parallel growing empirical literature on the e↵ect of automation on employment, wages and labor income shares (see e.g., Autor and Salomons, 2018;Graetz and Michaels, 2018;Acemoglu and Restrepo, 2020;Chen et al, 2021;Kapetaniou and Pissarides, 2020, among others) 6 Both Autor et al (2013) and Kehoe et al (2018) find that trade accounts for a quarter or less of the decline in the US manufacturing. Kehoe et al (2018) specifically show that most of the decline is due to uneven productivity growth, which is the mechanism we focus on.…”

Robots, Tools, and Jobs: Evidence from Brazilian Labor Markets

“…They showed that the increase in automation led to a decrease in employment and wages. After their seminal work, several economists have expanded their analyses to study the effect of automation at the firm level (Koch et al (2021), Humlum (2021), Acemoglu et al (2020), Bonfiglioli et al (2020), Bessen et al (2019)), in other countries (Adachi et al (2022), Rodrigo (2022), Kugler et al (2020), Cheng et al (2021), Cette et al (2021), Dauth et al (2021)), in different educational groups (Bonfiglioli et al (2020)), and on inequality (Adachi (2022), Acemoglu and Restrepo (2022), Bonfiglioli et al (2021)). Exploiting the geographical concentration of robot production in a few countries, several papers have used import data to measure the degree of automation of different sectors and firms, such as Humlum (2021), Bonfiglioli et al (2020), and Rodrigo (2022).…”

Robots, Tools, and Jobs: Evidence from Brazilian Labor Markets

“…They show that the increase in automation led to a decrease in employment and wages. After their seminal work, several economists have expanded their analysis to study the effect of automation at the firm level (Koch et al (2021), Humlum (2021), Acemoglu et al (2020), Bonfiglioli et al (2020), Bessen et al (2019)), in other countries (Adachi et al (2022), Rodrigo (2022), Kugler et al (2020), Cheng et al (2021), Cette et al (2021), Dauth et al (2021)), at different educational groups (Bonfiglioli et al (2020)), and on inequality (Adachi (2022), Acemoglu and Restrepo (2022), Bonfiglioli et al (2021)). Exploiting the geographical concentration of robot production in a few countries, several papers have used import data to measure the degree of automation of different sectors and firms, such as Humlum (2021), Bonfiglioli et al (2020), andRodrigo (2022).…”