Publication:
On the Welfare Implications of Automation

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dc.contributor.authorGaggl, Paul
dc.contributor.authorEden, Maya
dc.date.accessioned2015-12-18T20:21:29Z
dc.date.available2015-12-18T20:21:29Z
dc.date.issued2015-11
dc.description.abstractThis paper establishes that the rise in the income share of information and communication technology accounts for half of the decline in labor income share in the United States. This decline can be decomposed into a sharp decline in the income share of “routine” labor—which is relatively more prone to automation—and a milder rise in the non-routine share. Quantitatively, this decomposition suggests large effects of information and communication technology on the income distribution within labor, but only moderate effects on the distribution of income between capital and labor. A production structure calibrated to match these trends suggests modest aggregate welfare gains from automation.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/11/25380579/welfare-implications-automation
dc.identifier.doi10.1596/1813-9450-7487
dc.identifier.urihttps://hdl.handle.net/10986/23453
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7487
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectSELF EMPLOYED
dc.subjectGROWTH RATES
dc.subjectEMPLOYMENT
dc.subjectSOCIAL COSTS
dc.subjectCONSUMPTION EXPENDITURES
dc.subjectCAPITAL MARKETS
dc.subjectCONSUMER DURABLES
dc.subjectECONOMIC GROWTH
dc.subjectACCOUNTING
dc.subjectPRODUCTION
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCAPITAL ACCUMULATION
dc.subjectSTOCK
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINCOME
dc.subjectDEPRECIATION
dc.subjectSERVICE OCCUPATIONS
dc.subjectLABOR ALLOCATION
dc.subjectEXCHANGE
dc.subjectINFORMATION
dc.subjectEXPORTS
dc.subjectELASTICITY
dc.subjectASSET
dc.subjectMARGINAL PRODUCT
dc.subjectNET CAPITAL
dc.subjectDISTRIBUTION OF INCOME
dc.subjectWELFARE
dc.subjectOPTIMIZATION
dc.subjectEFFECTS
dc.subjectLABOR ECONOMICS
dc.subjectDISTRIBUTION
dc.subjectEQUILIBRIUM
dc.subjectVARIABLES
dc.subjectCAPITAL STOCK
dc.subjectPRICE
dc.subjectTAX
dc.subjectINPUTS
dc.subjectREAL WAGES
dc.subjectRETURNS TO SCALE
dc.subjectNOMINAL CAPITAL
dc.subjectPAYMENTS
dc.subjectWEALTH
dc.subjectCOMPUTER SYSTEMS
dc.subjectRENTS
dc.subjectECONOMIC ANALYSIS
dc.subjectTRENDS
dc.subjectDRIVERS
dc.subjectCOMMUNICATIONS
dc.subjectLABOR MARKET
dc.subjectCAPITAL INTENSITY
dc.subjectMARGINAL PRODUCTS
dc.subjectINVESTMENT BEHAVIOR
dc.subjectPRODUCTION STRUCTURE
dc.subjectCOSTS
dc.subjectLABOR ALLOCATIONS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectEXTENSIVE
dc.subjectCAPITAL GAINS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectBASE YEAR
dc.subjectPRODUCTIVITY
dc.subjectBARRIERS TO ENTRY
dc.subjectMARKETS
dc.subjectNET EXPORTS
dc.subjectORGANIZATIONS
dc.subjectACCUMULATION
dc.subjectLABOR
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectCAPITAL STOCKS
dc.subjectUTILITY
dc.subjectINVENTORY
dc.subjectGAINS
dc.subjectREAL ESTATE
dc.subjectECONOMIC RESEARCH
dc.subjectUNEMPLOYMENT
dc.subjectBLUE COLLAR OCCUPATIONS
dc.subjectINVESTORS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectDATA AVAILABILITY
dc.subjectCONSUMPTION
dc.subjectFACTOR MARKETS
dc.subjectGENERAL EQUILIBRIUM
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectVALUE ADDED
dc.subjectTAX INCENTIVE
dc.subjectAGGREGATE SUPPLY
dc.subjectCAPITAL
dc.subjectWAGES
dc.subjectINTERNATIONAL TRADE
dc.subjectBARRIERS
dc.subjectFUTURE
dc.subjectVALUE
dc.subjectPENSIONS
dc.subjectCOMPETITIVENESS
dc.subjectMACROECONOMICS
dc.subjectOCCUPATIONS
dc.subjectEXPENDITURES
dc.subjectINCOMES
dc.subjectSHARE OF CAPITAL
dc.subjectMEASUREMENT
dc.subjectSHARES
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectASSETS
dc.subjectBENCHMARK
dc.subjectPRODUCTION FUNCTION
dc.subjectECONOMICS
dc.subjectENDOGENOUS VARIABLES
dc.subjectSECRETARIES
dc.subjectOUTPUT
dc.subjectMANAGEMENT
dc.subjectFUNCTIONAL FORMS
dc.subjectTRADE
dc.subjectINVESTMENT RATES
dc.subjectGDP
dc.subjectGOODS
dc.subjectINVESTOR
dc.subjectTHEORY
dc.subjectINTANGIBLE
dc.subjectGROWTH RATE
dc.subjectINVESTMENT
dc.subjectMACROECONOMIC ANALYSIS
dc.subjectSHARE
dc.subjectSUPPLY
dc.subjectAFFILIATED
dc.subjectOPTIMAL ALLOCATION
dc.subjectSHARE CAPITAL
dc.subjectLABOR SUPPLY
dc.subjectTAX POLICY
dc.subjectRETURN ON INVESTMENT
dc.subjectCOMMUNICATION
dc.subjectDEMOGRAPHIC
dc.subjectARBITRAGE
dc.subjectCOMMUNICATION TECHNOLOGY
dc.subjectLABOR MARKETS
dc.subjectSAFETY
dc.subjectADVERSE EFFECTS
dc.subjectPRICES
dc.subjectDEVELOPMENT POLICY
dc.titleOn the Welfare Implications of Automationen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleOn the Welfare Implications of Automation
okr.date.disclosure2015-11-12
okr.date.doiregistration2025-04-10T10:07:20.458681Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2015/11/25380579/welfare-implications-automation
okr.guid273551468178456630
okr.identifier.doi10.1596/1813-9450-7487
okr.identifier.externaldocumentum090224b0831b0cdb_1_0
okr.identifier.internaldocumentum25380579
okr.identifier.reportWPS7487
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/11/12/090224b0831b0cdb/1_0/Rendered/PDF/On0the0welfare0ations0of0automation.pdfen
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicSocial Protections and Labor::Labor Policies
okr.topicPrivate Sector Development::E-Business
okr.topicInformation and Communication Technologies::Poverty Reduction & ICT
okr.unitMacroeconomics and Growth Team, Development Research Group (DECMG)
relation.isAuthorOfPublication443bbe9e-2343-561b-b27e-2d13a7c3d318
relation.isAuthorOfPublication.latestForDiscovery443bbe9e-2343-561b-b27e-2d13a7c3d318
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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