The lost race against the machine : automation, education and inequality in an R&D-based growth model

Prettner, Klaus; Strulik, Holger

The lost race against the machine : automation, education and inequality in an R&D-based growth model

dc.contributor.author	Prettner, Klaus	de
dc.contributor.author	Strulik, Holger	de
dc.date.accessioned	2024-04-08T08:54:04Z
dc.date.available	2024-04-08T08:54:04Z
dc.date.created	2017-03-16
dc.date.issued	2017
dc.description.abstract	We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of labor: highskilled labor that is complementary to machines and low-skilled labor that is a substitute for machines. The model predicts that innovationdriven growth leads to increasing automation, an increasing skill premium, an increasing population share of graduates, increasing income and wealth inequality, a declining labor share, and (in an extension of the basic model) increasing unemployment. In contrast to Pikettys famous claim that faster economic growth reduces inequality, our theory predicts that faster economic growth promotes inequality.	en
dc.identifier.swb	485390302
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6129
dc.identifier.urn	urn:nbn:de:bsz:100-opus-13398
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2017,08
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Automation	en
dc.subject	R&D-based growth	en
dc.subject	Inequality	en
dc.subject	Wealth concentration	en
dc.subject.ddc	330
dc.subject.gnd	Automation	de
dc.subject.gnd	Wachstumsmodell	de
dc.subject.gnd	Einkommensverteilung	de
dc.subject.gnd	Ungleichheit	de
dc.title	The lost race against the machine : automation, education and inequality in an R&D-based growth model	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Prettner2017, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6129}, author = {Prettner, Klaus and Strulik, Holger}, title = {The lost race against the machine : automation, education and inequality in an R&D-based growth model}, year = {2017}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthor	Prettner, Klaus and Strulik, Holger
local.export.bibtexKey	Prettner2017
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1339
local.series.issueNumber	2017,08
local.series.title	Hohenheim discussion papers in business, economics and social sciences
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

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