Robots and humans – complements or substitutes? ☆

Volume: 49, Pages: 280 - 291
Published: Sep 1, 2016
Abstract
null null The effect of the spread of Artificial Intelligence (AI) on wages depends on both the form of aggregate production relationships and the elasticity of substitution between human and robotic labor. With a conventional production function involving labor, robots, and ordinary capital, an increase in robotic labor can have either a positive or a negative effect on wages. Alternatively, it is possible to estimate the aggregate production...
Paper Details
Title
Robots and humans – complements or substitutes? ☆
Published Date
Sep 1, 2016
Volume
49
Pages
280 - 291
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