Dawid, Herbert ; Neugart, Michael (2024)
Effects of technological change and automation on industry structure and (wage-)inequality: insights from a dynamic task-based model.
In: Journal of Evolutionary Economics, 2022, 33 (1)
doi: 10.26083/tuprints-00027326
Article, Secondary publication, Publisher's Version
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| Item Type: | Article |
|---|---|
| Type of entry: | Secondary publication |
| Title: | Effects of technological change and automation on industry structure and (wage-)inequality: insights from a dynamic task-based model |
| Language: | English |
| Date: | 25 June 2024 |
| Place of Publication: | Darmstadt |
| Year of primary publication: | 27 December 2022 |
| Place of primary publication: | Berlin ; Heidelberg ; New York |
| Publisher: | Springer |
| Journal or Publication Title: | Journal of Evolutionary Economics |
| Volume of the journal: | 33 |
| Issue Number: | 1 |
| DOI: | 10.26083/tuprints-00027326 |
| Corresponding Links: | |
| Origin: | Secondary publication service |
| 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. |
| Uncontrolled Keywords: | Automation, Artificial intelligence, Tasks, Wage inequality, Firm dynamics |
| Status: | Publisher's Version |
| URN: | urn:nbn:de:tuda-tuprints-273262 |
| Additional Information: | JEL Classification: C63, L10, J31, O33 |
| Classification DDC: | 300 Social sciences > 330 Economics |
| Divisions: | 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Fachgebiet Finanzwissenschaft und Wirtschaftspolitik |
| Date Deposited: | 25 Jun 2024 13:42 |
| Last Modified: | 25 Jun 2024 13:42 |
| URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/27326 |
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