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|c 5.00 USD
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|z 9781484300831
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Berg, Andrew.
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|a Should We Fear the Robot Revolution? :
|b (The Correct Answer is Yes) /
|c Andrew Berg, Edward Buffie, Luis-Felipe Zanna.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (61 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We may be on the cusp of a 'second industrial revolution' based on advances in artificial intelligence and robotics. We analyze the implications for inequality and output, using a model with two assumptions: 'robot' capital is distinct from traditional capital in its degree of substitutability with human labor; and only capitalists and skilled workers save. We analyze a range of variants that reflect widely different views of how automation may transform the labor market. Our main results are surprisingly robust: automation is good for growth and bad for equality; in the benchmark model real wages fall in the short run and eventually rise, but 'eventually' can easily take generations.
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| 538 |
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|a Mode of access: Internet
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|a Buffie, Edward.
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|a Zanna, Luis-Felipe.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/116
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/116/001.2018.issue-116-en.xml
|z IMF e-Library
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