Technology and work: The productivity puzzle

Technology and work: The productivity puzzle Phuah Eng Chye (12 May 2018) “When we talk with the optimists, we are convinced that the recent breakthroughs in AI and machine learning are real and significant. We also would argue that they form the core of a new, economically important potential General Purpose Technologies (GPT). When we … “Technology and work: The productivity puzzle”

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Technology and work: Technological unemployment and will this time be different?

Technology and work: Technological unemployment and will this time be different? Phuah Eng Chye (5 May 2018) The history of technological innovation is the history of social dislocation. The transition from agriculture to manufacturing was notable for its massive impact on employment and societal structures. The effect of technology on society still occupies the centre … “Technology and work: Technological unemployment and will this time be different?”

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Organisation of households: Aging, savings and financialisation

Organisation of households: Aging, savings and financialisation Phuah Eng Chye (21 April 2018) Policy incoherence tends to increase with the aging of an economy. Specifically, as the number of retirees increase, policy focuses on incentivising savings to ensure individuals can accumulate sufficient savings for their retirement. But at the macro level, the challenge is the … “Organisation of households: Aging, savings and financialisation”

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Organisation of households: Aging and financial cycles

Organisation of households: Aging and financial cycles Phuah Eng Chye (14 April 2018) It is unsurprising that there is a close relationship between aging and long-term financial cycles as a highly developed financial system is a prerequisite to achieving affluence. As economies become affluent and aging more pronounced, economic maturity sets in and sets off … “Organisation of households: Aging and financial cycles”

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Organisation of households: Aging, depopulation and welfare costs

Organisation of households: Aging, depopulation and welfare costs Phuah Eng Chye (7 April 2018) In his report on “Future welfare and the ageing population”, Mårten Blix highlights that while much of the attention is focused on challenges from a rise in the dependency ratio, challenges arising from population movement from rural to urban areas and … “Organisation of households: Aging, depopulation and welfare costs”

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Organisation of households: Aging, secular stagnation and population policies

Organisation of households: Aging, secular stagnation and population policies Phuah Eng Chye (31 March 2018) The hypothesis that changes in household structures increase labour market frictions[1] and weaken household and business formation[2] is consistent with secular stagnation theories on how aging dampens consumption, employment, productivity and production and exerts long-term downward pressure on economic growth … “Organisation of households: Aging, secular stagnation and population policies”

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