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Investing in Automation: Evidence From Natural Disasters

Scanlon, Madeline Marco (2024) Investing in Automation: Evidence From Natural Disasters. Doctoral Dissertation, University of Pittsburgh. (Unpublished)

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Abstract

I investigate the extent to which establishments shift labor skill demand toward automation when faced with labor scarcity. Using natural disasters as an exogenous shock to local labor supply, I find that firms respond to local labor scarcity by increasing demand for automation-specific labor skills and that firms’ responses vary with ex-ante adjustment costs. I show that constrained firms exhibit no significant change in demand for automation skills, while firms with production flexibility display decreased demand for automation skills following exogenous reductions in local labor supply. Firms dependent on low-skilled labor exhibit large increases in demand for automation skills.


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Details

Item Type: University of Pittsburgh ETD
Status: Unpublished
Creators/Authors:
CreatorsEmailPitt UsernameORCID
Scanlon, Madeline Marcomms238@pitt.edumms238
ETD Committee:
TitleMemberEmail AddressPitt UsernameORCID
Committee ChairThomas, Shawnshthomas@katz.pitt.edu
Committee MemberDenis, David Jdjdenis@katz.pitt.edu
Committee MemberKankanhalli, Gauravgkankanhalli@katz.pitt.edu
Committee MemberLagaras, Spyridonslagaras@katz.pitt.edu
Committee MemberDenes, Mattdenesm@andrew.cmu.edu
Date: 30 July 2024
Date Type: Publication
Defense Date: 16 July 2024
Approval Date: 30 July 2024
Submission Date: 27 July 2024
Access Restriction: No restriction; Release the ETD for access worldwide immediately.
Number of Pages: 71
Institution: University of Pittsburgh
Schools and Programs: Joseph M. Katz Graduate School of Business > Business Administration
Degree: PhD - Doctor of Philosophy
Thesis Type: Doctoral Dissertation
Refereed: Yes
Uncontrolled Keywords: Corporate investment; Labor finance
Date Deposited: 30 Jul 2024 17:44
Last Modified: 30 Jul 2024 17:44
URI: http://d-scholarship.pitt.edu/id/eprint/46765

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