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- handle: 10670/1.mtz6e8
- halshs: halshs-04154438
- doi: 10.1257/pandp.20231039
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info:eu-repo/semantics/altIdentifier/doi/10.1257/pandp.20231039
Mots-clés
D - Microeconomics/D.D2 - Production and Organizations/D.D2.D24 - Production • Cost • Capital • Capital, Total Factor, and Multifactor Productivity • Capacity J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J23 - Labor Demand J - Labor and Demographic Economics/J.J3 - Wages, Compensation, and Labor Costs/J.J3.J31 - Wage Level and Structure • Wage Differentials O - Economic Development, Innovation, Technological Change, and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O32 - Management of Technological Innovation and R&DSujets proches
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Philippe Aghion et al., « The Local Labor Market Effects of Modern Manufacturing Capital: Evidence from France », HAL-SHS : économie et finance, ID : 10.1257/pandp.20231039
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Résumé
Using an event study methodology and comprehensive micro data from the French manufacturing sector, we analyze the local labor market effects of investments in modern manufacturing capital, including modern automation technologies. We estimate that commuting zones with higher investments in modern manufacturing capital and automation benefit from higher labor demand, with an increase in both local employment and wages. Our findings are consistent with a task-based model where the productivity effects of modern capital investments and automation outweigh their displacement effect.