Quotation Lankisch, Clemens, Prettner, Klaus, Prskawetz, Alexia. 2019. How can robots affect wage inequality? Economic Modelling. 81 161-169.


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Abstract

We explain the simultaneous presence of i) increasing per capita output, ii) declining real wages of low-skilled workers, and iii) a rising wage premium of higher education within a model of economic growth in the age of automation. The theoretical implications are consistent with the data for the United States since the 1970s. Thus, automation contributes towards our understanding of the driving forces of rising inequality. The immediate policy conclusion is that investments in higher education can help to soften the negative effects of automation.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Economic Modelling
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new VW-D
Language English
Title How can robots affect wage inequality?
Volume 81
Year 2019
Page from 161
Page to 169
Reviewed? Y
URL https://www.sciencedirect.com/science/article/abs/pii/S0264999318310629
DOI https://doi.org/10.1016/j.econmod.2018.12.015
Open Access N

Associations

People
Prettner, Klaus (Details)
External
Lankisch, Clemens (Vienna University of Technology, Austria)
Prskawetz, Alexia (Vienna University of Technology, Austria)
Organization
Department of Economics (Crespo Cuaresma) (Details)
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