On the possibility of automation-induced stagnation

Gasteiger, Emanuel; Prettner, Klaus

On the possibility of automation-induced stagnation

dc.contributor.author	Gasteiger, Emanuel	de
dc.contributor.author	Prettner, Klaus	de
dc.date.accessioned	2024-04-08T08:54:03Z
dc.date.available	2024-04-08T08:54:03Z
dc.date.created	2017-03-16
dc.date.issued	2017
dc.description.abstract	We analyze the long-run growth effects of automation in the standard overlapping generations framework. We show that, in contrast to other neoclassical models of capital accumulation, automation does not promote growth but induces economic stagnation. The reason is that automation suppresses wages, which are the only source of investment in the overlapping generations framework.	en
dc.identifier.swb	485385023
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6128
dc.identifier.urn	urn:nbn:de:bsz:100-opus-13389
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2017,07
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Automation	en
dc.subject	Robots	en
dc.subject	Investment	en
dc.subject	Stagnation	en
dc.subject	Economic growth	en
dc.subject	Overlapping generations model	en
dc.subject.ddc	330
dc.subject.gnd	Automation	de
dc.subject.gnd	Stagnation	de
dc.title	On the possibility of automation-induced stagnation	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Gasteiger2017, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6128}, author = {Gasteiger, Emanuel and Prettner, Klaus}, title = {On the possibility of automation-induced stagnation}, year = {2017}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthor	Gasteiger, Emanuel and Prettner, Klaus
local.export.bibtexKey	Gasteiger2017
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1338
local.series.issueNumber	2017,07
local.series.title	Hohenheim discussion papers in business, economics and social sciences
local.title.full	On the possibility of automation-induced stagnation
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

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