Cited by 586Labor market dynamics and wage inequalityEconomic Growth and ProductivityGlobal trade and economics

Demographics and automation

Acemoglu, Daron, Restrepo, Pascual·2022·The Review of Economic Studies

Abstract

Abstract We argue theoretically and document empirically that aging leads to greater (industrial) automation, because it creates a shortage of middle-aged workers specializing in manual production tasks. We show that demographic change is associated with greater adoption of robots and other automation technologies across countries and with more robotics-related activities across U.S. commuting zones. We also document more automation innovation in countries undergoing faster aging. Our directed technological change model predicts that the response of automation technologies to aging should be more pronounced in industries that rely more on middle-aged workers and those that present greater opportunities for automation and that productivity should improve and the labor share should decline relatively in industries that are more amenable to automation. The evidence supports all four of these predictions.

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  1. 16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 5 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 6 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 9 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 15 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 16 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 17 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 19 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 21 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 22 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 23 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 24 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 25 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 28 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 29 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 30 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 31 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 33 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 34 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 36 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 37 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 39 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 40 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 41 1-44 [16:38 24/7/2021 OP-REST210033.tex] RESTUD: The Review of Economic Studies Page: 42 1-44 REFERENCES
  2. REVIEW OF ECONOMIC STUDIES

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Authors
Acemoglu, D., & Restrepo, P.
Affiliations
  • MIT
  • Boston University (US)
Venue
The Review of Economic Studies
Published
2021-06-10
Volume
89
Issue
1
Pages
1-44
ISSN
  • 0034-6527 (ISSN-L)
  • 1467-937X
OpenAlex
W3169161674
Cited by
586
References
45
Citations by year
2026: 137 · 2025: 158 · 2024: 99 · 2023: 114 · 2022: 47 · 2021: 15 · 2020: 11 · 2019: 3 · 2016: 1 · 2013: 1
FWCI
52.39
Type
journal article
Language
en
Open access
closed
Locations
  • The Review of Economic Studies (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Labor market dynamics and wage inequality
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Global trade and economics
Keywords
population aging, industrial automation, robots, middle-aged workers, labor shortage, demographic change, directed technological change, labor share, productivity, commuting zones

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