Table 5 Robot stocks and productivity (2SLS model estimates).

From: From wages to widgets: how minimum wage hikes fuel automation

Variable

Productivity (log)

Robot stock

0.087*** (0.028)

Constant

11.387*** (0.033)

Cross-section fixed

Yes

Period fixed

Yes

R-squared

0.895

F-test statistic

36.456***

Observations

118

  1. Robust standard errors in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1, Instruments: Minimum wage (log).