The implications of automation for economic growth and the labor share

Prettner, Klaus

The implications of automation for economic growth and the labor share

dc.contributor.author	Prettner, Klaus	de
dc.date.accessioned	2024-04-08T08:53:33Z
dc.date.available	2024-04-08T08:53:33Z
dc.date.created	2016-11-03
dc.date.issued	2016
dc.description.abstract	We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of perpetual growth, even in the absence of technological progress; (ii) the long-run economic growth rate declines with population growth, which is consistent with the available empirical evidence; (iii)there is a unique share of savings diverted to automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed pattern over the last decades.	en
dc.identifier.swb	47936057X
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6088
dc.identifier.urn	urn:nbn:de:bsz:100-opus-12880
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2016,18
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	Robots	en
dc.subject	Machine learning	en
dc.subject	Perpetual economic growth	en
dc.subject	Declining labor share	en
dc.subject	Inequality	en
dc.subject.ddc	330
dc.subject.gnd	Automation	de
dc.subject.gnd	Wirtschaftliches Wachstum	de
dc.subject.gnd	Arbeitsteilung	de
dc.title	The implications of automation for economic growth and the labor share	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{Prettner2016, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6088}, author = {Prettner, Klaus}, title = {The implications of automation for economic growth and the labor share}, year = {2016}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthor	Prettner, Klaus
local.export.bibtexKey	Prettner2016
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1288
local.series.issueNumber	2016,18
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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