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theoretically and empirically two mechanisms: the substitution between Information Communication Technology (ICT) and labour and the … presence of hiring costs. We find that the ICT-labour replacement is a promising channel to explain the decline of the labour … role in Europe than in the US. Finally, by modelling the elasticity of substitution between ICT and labour as a function of …
Persistent link: https://www.econbiz.de/10011719015
We investigate the causes of the decline in the labor share, exploring the effect of technology vis-à-vis the role of market regulations, namely employment protection legislation, product market regulation, and intellectual property rights (IPR) protection. Our results show that, in the long...
Persistent link: https://www.econbiz.de/10011944843
We study the effects of information and communication technologies (ICT) on the distribution of income across factors … of production in the United States. Since the 1950s, the income share of ICT saw a seven-fold increase, while it has … occupations relatively substitutable with ICT (routine) to ones relatively complementary (non-routine). In a general equilibrium …
Persistent link: https://www.econbiz.de/10013006484
capital, ascribes a prominent role to the automation hypothesis. Though information and communications (ICT) capital is a … few decades. A framework that distinguishes between ICT and non-ICT capital is empirically plausible and suggests that …
Persistent link: https://www.econbiz.de/10012179795
This paper provides evidence that shifts in the occupational composition of the U.S. workforce are the most important factor explaining the trend decline in the labor share over the past four decades. Estimates suggest that while there is unitary elasticity between equipment capital and...
Persistent link: https://www.econbiz.de/10014122283
This paper assesses empirically the hypotheses by Bental and Demougin (2010) that innovations in ICT (Information and … workers using micro data for Germany. I argue that ICT influences labor not only through substitutability of labor with ICT …
Persistent link: https://www.econbiz.de/10013119033
Technological progress may be less beneficial for older workers than younger workers. In this paper, we empirically examine the impact of technological change on the wage share of older workers. More specifically, we look at five different types of technological advancement using data from 30...
Persistent link: https://www.econbiz.de/10014239988
patents, information and communication technology (ICT) capital usage, and robot intensity - on average wages and labour … positively associated with labour income shares, while ICT capital has an insignificant effect. These effects persist over time …
Persistent link: https://www.econbiz.de/10014461452
We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999-2011. Our main contribution is to highlight the indirect effect of...
Persistent link: https://www.econbiz.de/10013549118
As the pace of digitalization and automation accelerates globally, and more disruptive innovations in machine learning, artificial intelligence and robotics are expected, new data sources and measurement tools are needed to complement existing valuable statistics and administrative data. This is...
Persistent link: https://www.econbiz.de/10011908122