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Nachrichten, Termine, Experten
Nachrichten, Termine, Experten
Automation shifts income from workers to capital owners and raises income inequality. Can we turn automation into a welfare gain by adjusting the tax and transfer system or is it desirable to restrict automation? We study this question in a setting where capital can move across borders and governments set capital taxes strategically. We derive a sufficient statistics formula for the welfare effects of automation under optimal taxes and assess it quantitatively, showing that negative welfare effects of automation are plausible. Yet, seizing the implied welfare gains requires globally coordinated restrictions on automation, as unilateral policies prove ineffective. The optimal global policy, however, is a cooperative capital tax policy and we show that the welfare gains from such cooperation rise with automation.
Information on participating / attending:
Date:
10/28/2025 14:00 - 10/28/2025 15:15
Event venue:
Rockwool Foundation Berlin
Gormannstrasse 22
10119 Berlin
Berlin
Germany
Target group:
Scientists and scholars
Email address:
Relevance:
international
Subject areas:
Economics / business administration
Types of events:
Seminar / workshop / discussion
Entry:
10/24/2025
Sender/author:
Harald Schultz
Department:
Kommunikation
Event is free:
yes
Language of the text:
English
URL of this event: http://idw-online.de/en/event80334
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