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Growth, Automation and the Long Run Share of Labor

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NBER2020-01-01 更新2025-01-04 收录
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We provide an argument for long-term automation and decline in the labor income share, driven by capital accumulation rather than technical progress or rising markups. We emphasize a fundamental asymmetry across physical and human capital. An individual can indefinitely replicate her claims on the

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2020-01-01
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