IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-981-97-0930-4_6.html
   My bibliography  Save this book chapter

Automation, Tasks, and Labor Share

In: Structural Change, Market Concentration, and Inequality

Author

Listed:
  • Kazunobu Muro

    (Meiji Gakuin University)

Abstract

This study distinguishes between traditional and automated capital in a task-basedTask-based framework and examines the effects of automation on economic growth and labor shareLabor share. The threshold for automationThreshold for automation is determined endogenously and depends positively on automated capital per labor. Labor share is determined not only by the threshold for automation but also by the elasticity of output with respect to labor. In the derived aggregate production function, total factor productivityTotal Factor Productivity (TFP) (TFP) and the elasticity of aggregate output with respect to production factors depend on the threshold for automationThreshold for automation, and therefore the automated capital per labor. The CES production functionCES production function is obtained using the productivity specifications. The non-arbitrageNon-arbitrage condition between the two types of capital results in the aggregate Cobb–Douglas production functionCobb-Douglas production function. The growth rate and labor share along the balanced growth path (BGP) are derived. When traditional capitalTraditional capital is twice as large as automated capital along the BGP and the traditional capital share is 0.4, the effect of the ratio of traditional capital to automated capital on the growth rate is positive when the elasticity of substitution between automated capital and laborElasticity of substitution between automated capital and labor is greater than 1.6. Then, the labor shareLabor share along the BGP is computed as 0.3.

Suggested Citation

  • Kazunobu Muro, 2024. "Automation, Tasks, and Labor Share," Springer Books, in: Yasuyuki Osumi (ed.), Structural Change, Market Concentration, and Inequality, chapter 0, pages 89-99, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-0930-4_6
    DOI: 10.1007/978-981-97-0930-4_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-981-97-0930-4_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.