Dawid, Herbert ; Neugart, Michael (2023)
Effects of technological change and automation on industry structure and (wage-)inequality: insights from a dynamic task-based model.
In: Journal of Evolutionary Economics, 33 (1)
doi: 10.1007/s00191-022-00803-5
Artikel, Bibliographie
Dies ist die neueste Version dieses Eintrags.
Kurzbeschreibung (Abstract)
The advent of artificial intelligence is changing the task allocation of workers and machines in firms’ production processes with potentially wide ranging effects on workers and firms. We develop an agent-based simulation framework to investigate the consequences of different types of automation for industry output, the wage distribution, the labor share, and industry dynamics. It is shown how the competitiveness of markets, in particular barriers to entry, changes the effects that automation has on various outcome variables, and to which extent heterogeneous workers with distinct general skill endowments and heterogeneous firms featuring distinct wage offer rules affect the channels via which automation changes market outcomes.
| Typ des Eintrags: | Artikel |
|---|---|
| Erschienen: | 2023 |
| Autor(en): | Dawid, Herbert ; Neugart, Michael |
| Art des Eintrags: | Bibliographie |
| Titel: | Effects of technological change and automation on industry structure and (wage-)inequality: insights from a dynamic task-based model |
| Sprache: | Englisch |
| Publikationsjahr: | 2023 |
| Verlag: | Springer |
| Titel der Zeitschrift, Zeitung oder Schriftenreihe: | Journal of Evolutionary Economics |
| Jahrgang/Volume einer Zeitschrift: | 33 |
| (Heft-)Nummer: | 1 |
| DOI: | 10.1007/s00191-022-00803-5 |
| URL / URN: | https://link.springer.com/article/10.1007/s00191-022-00803-5... |
| Zugehörige Links: | |
| Kurzbeschreibung (Abstract): | The advent of artificial intelligence is changing the task allocation of workers and machines in firms’ production processes with potentially wide ranging effects on workers and firms. We develop an agent-based simulation framework to investigate the consequences of different types of automation for industry output, the wage distribution, the labor share, and industry dynamics. It is shown how the competitiveness of markets, in particular barriers to entry, changes the effects that automation has on various outcome variables, and to which extent heterogeneous workers with distinct general skill endowments and heterogeneous firms featuring distinct wage offer rules affect the channels via which automation changes market outcomes. |
| Freie Schlagworte: | Automation, Artificial intelligence, Tasks, Wage inequality, Firm dynamics |
| Zusätzliche Informationen: | JEL Classification: C63, L10, J31, O33 |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Finanzwissenschaft und Wirtschaftspolitik |
| Hinterlegungsdatum: | 05 Jan 2023 13:06 |
| Letzte Änderung: | 25 Jul 2024 15:47 |
| PPN: | 505547406 |
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| Suche nach Titel in: | TUfind oder in Google |
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Effects of technological change and automation on industry structure and (wage-)inequality: insights from a dynamic task-based model. (deposited 25 Jun 2024 13:42)
- Effects of technological change and automation on industry structure and (wage-)inequality: insights from a dynamic task-based model. (deposited 05 Jan 2023 13:06) [Gegenwärtig angezeigt]
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