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  • Format: ePub

Automation and Its Macroeconomic Consequences reveals new ways to understand the economic characteristics of our increasing dependence on machines. Illuminating technical and social elements, it describes economic policies that could counteract negative income distribution consequences of automation without hampering the adoption of new technologies. Arguing that modern automation cannot be compared to the Industrial Revolution, it considers consequences of automation such as spatial patterns, urbanization, and regional concerns. In touching upon labor, growth, demographic, and policy,…mehr

Produktbeschreibung
Automation and Its Macroeconomic Consequences reveals new ways to understand the economic characteristics of our increasing dependence on machines. Illuminating technical and social elements, it describes economic policies that could counteract negative income distribution consequences of automation without hampering the adoption of new technologies. Arguing that modern automation cannot be compared to the Industrial Revolution, it considers consequences of automation such as spatial patterns, urbanization, and regional concerns. In touching upon labor, growth, demographic, and policy, Automation and its Macroeconomic Consequences stands at the intersection of technology and economics, offering a comprehensive portrait illustrated by empirical observations and examples.
  • Introduces formal growth models that include automation and the empirical specifications on which the data-driven results rely
  • Focuses on formal modeling, empirical analysis and derivation of evidence-based policy conclusions
  • Considers consequences of automation, such as spatial patterns, urbanization and regional concerns

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Autorenporträt
Klaus Prettner is professor of economics with a focus on growth and distribution at the University of Hohenheim and speaker of the research network "Inequality and Economic Policy Analysis (INEPA)¿. His main areas of interest are the economic consequences of automation and the interrelations between economic growth and inequality. Prettner received a Ph.D. in Economics from the University of Vienna in 2009. He has published his research in journals such as Journal of Monetary Economics, Economic Journal, Journal of Economic Growth, Journal of Health Economics, Research Policy, Journal of Urban Economics, Health Affairs, Economic Theory, Economica, and the Journal of Economic Behavior & Organization.