A recent rapid-automation movement has been displacing routine labor and has sparked a series of discussions about taxation on automation such as a robot tax. However, the government’s dilemma is that the planner may want to tax such physical capital that displaces routine labor for redistributive motives but does not want to tax other physical capital that increases such workers’ productivities.…Read More
Studying factors that influence adoption of new products and technologies lies at the heart of marketing. In this paper, we study a manager’s decision to adopt automation for a production process.…Read More
In this proposal, we argue that support of populism can be explained by the interaction between individual economic and social experiences and aggregate economic shocks. We test empirically if personal experiences, information environment, and their interaction with aggregate economic shocks shape people’s political decisions. …Read More
The Mack Institute’s Fall Conference 2018 examined how a welter of emerging technologies are transforming not only the way we work, but how and whom we hire.…Read More
The modern knowledge economy depends crucially on innovation, but adaptation to innovation has been linked to economic ills such as wage inequality, skill polarization, and geographic divergence. Between 2000 and 2016 alone, the U.S. shed approximately 6 million manufacturing jobs largely as a result of increasing pressure from automation and international trade.…Read More
Abstract: We use panel data from multiple wards from two hospitals spanning a three-year period to investigate the impact of automation of the core error prevention functions in hospitals on medical error rates. Although there are studies based on anecdotal evidence and self-reported data on how automation impacts medical errors, no systematic studies exist that are based on actual error rates from hospitals.…Read More
