Robots and the skill premium : an automation-based explanation of wage inequality

by Clemens Lankisch, Klaus Prettner, and Alexia Prskawetz

We analyze the effects of automation on the wages of high-skilled and low-skilled workers and thereby on the evolution of wage inequality. Our model explains the simultaneous presence of i) increasing per capita income, ii) declining real wages of low-skilled workers, and iii) an increasing skill-premium. These developments are consistent with the experience in the United States over the past decades.

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Year of publication:	August 2017
Authors:	Lankisch, Clemens ; Prettner, Klaus ; Fürnkranz-Prskawetz, Alexia
Publisher:	Vienna, Austria : TU Wien, SWM ECON, Economics
Subject:	automation \| declining wages of low-skilled workers \| wage inequality \| skill premium \| long-run growth \| Lohnstruktur \| Wage structure \| Qualifikation \| Occupational qualification \| Ungelernte Arbeitskräfte \| Unskilled workers \| Bildungsertrag \| Returns to education \| Roboter \| Robot \| Einkommensverteilung \| Income distribution \| Automatisierung \| Automation \| Technischer Fortschritt \| Technological change

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Extent:	1 Online-Ressource (circa 10 Seiten)
Series:	ECON WPS : working papers in economic theory and policy. - Wien : Research Unit in Economics, Institute of Statistics and Mathematical Methods in Economics, TU Wien, ISSN 2219-8849, ZDB-ID 2695220-8. - Vol. 2017, 06
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/168027 [Handle]
Classification:	O11 - Macroeconomic Analyses of Economic Development ; O41 - One, Two, and Multisector Growth Models ; i24
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011705248