{"title":"The macroeconomic impact of automation: Applications to elderly care","authors":"Chia-Hui Lu","doi":"10.1111/coep.12618","DOIUrl":null,"url":null,"abstract":"<p>When automation technology can both help a firm's production and be widely used in the provision of long-term care for the elderly, developments in automation can potentially help alleviate the situation of a declining birthrate in an aging society and increase production and household welfare. In addition, this paper obtains results consistent with the real-world situation in which population aging and a declining birthrate arise simultaneously. Considering the case where automation technology is developed by firms does not change the main findings. Therefore, the government should encourage people to engage in the development of automation.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 4","pages":"674-695"},"PeriodicalIF":1.7000,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Contemporary Economic Policy","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/coep.12618","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
When automation technology can both help a firm's production and be widely used in the provision of long-term care for the elderly, developments in automation can potentially help alleviate the situation of a declining birthrate in an aging society and increase production and household welfare. In addition, this paper obtains results consistent with the real-world situation in which population aging and a declining birthrate arise simultaneously. Considering the case where automation technology is developed by firms does not change the main findings. Therefore, the government should encourage people to engage in the development of automation.
期刊介绍：
Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.
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