This chapter reviews recent advances in the task model and shows how this framework can
be put to work to understand the major labor market trends of the last several decades …

Do economies adjust slowly to certain technological innovations and more rapidly to others?
We argue that the adjustment is slower when innovations mainly benefit production activities …

Recent studies attribute the rise in wage inequality primarily to widening pay disparities
between rather than within firms. I develop a novel theory to quantitatively explain this fact …

We study differences in exposure to factor-biased technical change among occupations by
providing the first measures of capital-embodied technical change (CETC) and of the …

Growth is closely related to structural transformation, the reallocation of economic activity
among sectors. A well-functioning labor market plays an important role in this process by …

We revisit a seminal capital-skill complementarity analysis of Krusell et al.(2000). We
extended their 1963–1992 data set to include the 1992–2017 period. We find that over the …

We show that differential IT investment across cities has been a key driver of job and wage
polarization since the 1980s. Using a novel data set, we establish two stylized facts: IT …

Recent studies attribute the rise in wage inequality primarily to widening pay disparities
between rather than within firms. I develop a novel theory to quantitatively explain this fact …

We study the effect of modern automation on firm-level labor shares using a 2018 survey of
1,618 manufacturing firms in China. We exploit geographic and industry variation built into …

Using proprietary data from a Chilean online job board, we compute sorting between
workers and job positions during the application stage (ex ante) and predict sorting in the …