Sangmin Aum, Tim Lee, Yongseok Shin, 04 July 2018

The past three decades have seen unprecedented technological development, with major impacts on labour markets and the economy as a whole. This column investigates how automation and the increased use of computers has affected productivity trends over the last three decades. Results suggest that automation has had a strong effect on slowing down aggregate productivity, despite raising it at the micro level. This is due to the reallocation of factor inputs across occupations and industries. 

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