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econ.TH2026
Data-Driven Automation
Maryam Farboodi, Andrew Koh, Anchi Xia
We build a dynamic model of data-driven automation in which data (i) is heterogeneous and task-specific; (ii) accumulates endogenously as a byproduct of economic activity; and (iii…
econ.TH2026
Two Equivalence Results between Unemployment Insurance and Wage Insurance
Anchi Xia
In this short note, I show that in a McCall (1970) model with risk-neutral agents, a system of wage insurance combined with unemployment insurance financed by a lump-sum tax on the…