Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280636 
Year of Publication: 
2021
Series/Report no.: 
AEI Economics Working Paper No. 2021-06
Publisher: 
American Enterprise Institute (AEI), Washington, DC
Abstract: 
Using a new survey of truck drivers, we find that those who are most concerned about automation are, counterintuitively, also most likely to say they intend to re-invest in driving. This arms race for remaining positions is socially inefficient. We find that the effect disappears among drivers familiar with the low costs of community college, consistent with a model of idiosyncratic noise in the perceived cost of retraining. However, we calibrate that even with correct information about the true costs of retraining, reasonable beliefs about other facets of the labor market may cause truckers to stick with their current occupation.
Subjects: 
US Economy
US Labor Market
Workforce Retraining
JEL: 
A
Document Type: 
Working Paper

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