Robot arithmetic: new technology and wages
Francesco Caselli and
Alan Manning
LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library
Abstract:
Existing economic models show how new technology can cause large changes in relative wages and inequality. But there are also claims, based largely on verbal expositions, that new technology can harm workers on average or even all workers. This paper shows – under plausible assumptions - that new technology is unlikely to cause wages for all workers to fall and will cause average wages to rise if the prices of investment goods fall relative to consumer goods (a condition supported by the data). We outline how results may change with different assumptions.
JEL-codes: D31 G31 J22 J24 J31 O31 O33 (search for similar items in EconPapers)
Date: 2019-06-01
New Economics Papers: this item is included in nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)
Published in American Economic Review: Insights, 1, June, 2019, 1(1), pp. 1 - 12. ISSN: 2640-205X
Downloads: (external link)
http://eprints.lse.ac.uk/87371/ Open access version. (application/pdf)
Related works:
Journal Article: Robot Arithmetic: New Technology and Wages (2019) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:87371
Access Statistics for this paper
More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().