The advent of artificial intelligence is changing the task allocation of workers and machines in firms’ production processes with potentially wide ranging effects on workers and firms. We develop an agent-based simulation framework to investigate the consequences of different types of automation for industry output, the wage distribution, the labor share, and industry dynamics. It […]
Author Archive | Herbert Dawid and Michael Neugart
The Role of (De-)Centralized Wage Setting for Industry Dynamics and Economic Growth: An Agent-Based Analysis with the Eurace@Unibi Model
In this paper, we employ the agent-based macroeconomic Eurace@Unibi model to study the economic implications of different degrees of de-centralization in the wage setting. Starting from a baseline scenario, corresponding to a high degree of unionization, in which wages are fully centralized and indexed on economy-wide productivity gains and inflation, we investigate how an increasing […]
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- Bundesanstalt Statistik Oesterreich (STATA)
- Centraal Bureau Voor de Statistiek (CBS)
- Istituto Nazionale di Statistica (ISTAT)
- Katholieke Universiteit Leuven (KU LEUVEN)
- Universiteit Maastricht (MERIT)
- Fondation Nationale des Sciences Politiques (SCIENCES PO)
- University College London (UCL)
- Univerza V Ljubljani (UL)
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- Tartu Ulikool (UTARTU)
- Osterreichisches Institut fur Wirtschaftsforschung Verein (WIFO)
- Zentrum fuer Europaeische Wirtschaftsforschung Gmbh (ZEW)
- Lunaria
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