Aging and automation in economies with search frictions

نویسندگان

چکیده

This paper investigates the impact of an increase in life expectancy on level and distribution income presence skill heterogeneity automation. It shows analytically that induces replacement low-skilled workers by automation capital high-skilled workers. Moreover, it raises premium has ambiguous effect total income. A simulation exercise, based US data, as well inequality We consider redistributive policies can mitigate some adverse effects for

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Markets with Search Frictions

THE ROYAL SWEDISH ACADEMY OF SCIENCES has as its aim to promote the sciences and strengthen their influence in society.

متن کامل

Market-making with Search and Information Frictions∗

We develop a dynamic model of trading through market-makers that incorporates two canonical sources of illiquidity: trading (or search) frictions and asymmetric information. We show that conventional predictions, derived from models that study either of these frictions in isolation, do not necessarily hold when both frictions are present. These results have important implications for technologi...

متن کامل

Capital Reallocation and Liquidity with Search Frictions

I construct a model of an asset market subject to search frictions, in an environment where both investment and asset liquidity are determined endogenously. This provides a natural framework to analyze the interaction between capital reallocation and liquidity in response to aggregate shocks, which I assess quantitatively. The search model of capital reallocation exhibits strong internal propag...

متن کامل

Holdups and Efficiency with Search Frictions

Holdups and Efficiency with Search Frictions Author(s): Daron Acemoglu and Robert Shimer Source: International Economic Review, Vol. 40, No. 4, Special Issue on Search, Matching and Related Topics (Nov., 1999), pp. 827-849 Published by: Blackwell Publishing for the Economics Department of the University of Pennsylvania and Institute of Social and Economic Research -Osaka University Stable URL: ...

متن کامل

Liquidity in Asset Markets with Search Frictions∗

We develop a search-theoretic model of financial intermediation and use it to study how trading frictions affect the distribution of asset holdings, asset prices, efficiency, and standard measures of liquidity. A distinctive feature of our theory is that it allows for unrestricted asset holdings, so market participants can accommodate trading frictions by adjusting their asset positions. We sho...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Population Economics

سال: 2021

ISSN: ['1432-1475', '0933-1433']

DOI: https://doi.org/10.1007/s00148-021-00860-3