The Local Labor Market Effects of Modern Manufacturing Capital: Evidence from France

Philippe Aghion (), Céline Antonin, Simon Bunel and Xavier Jaravel
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Philippe Aghion: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CdF (institution) - Collège de France
Simon Bunel: Banque de France - Banque de France - Banque de France

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Abstract: Using an event study methodology and comprehensive micro data from the French manufacturing sector, we analyze the local labor market effects of investments in modern manufacturing capital, including modern automation technologies. We estimate that commuting zones with higher investments in modern manufacturing capital and automation benefit from higher labor demand, with an increase in both local employment and wages. Our findings are consistent with a task-based model where the productivity effects of modern capital investments and automation outweigh their displacement effect.

Date: 2023-05
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Published in American Economic Review Papers and Proceedings, 2023, 113, pp.219-223. ⟨10.1257/pandp.20231039⟩

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Journal Article: The Local Labor Market Effects of Modern Manufacturing Capital: Evidence from France (2023)
Working Paper: The Local Labor Market Effects of Modern Manufacturing Capital: Evidence from France (2023)
Working Paper: The Local Labor Market Effects of Modern Manufacturing Capital: Evidence from France (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04154438

DOI: 10.1257/pandp.20231039

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