Assessing the impact of new technologies on wages and labour income shares

Arbeitspapier

This paper advances the literature on the impacts of new technologies on labour markets, focusing on wage and labour income shares. Using a dataset from 32 countries and 38 industries, we analyse the effects of new technologies - proxied by patents, information and communication technology (ICT) capital usage, and robot intensity - on average wages and labour income shares over time. Our results indicate a positive correlation between patents and wage levels along with a minor negative impact on labour income shares, suggesting that technology rents are not fully passed on to labour. Robot intensity is positively associated with labour income shares, while ICT capital has an insignificant effect. These effects persist over time and are reinforced by global value chain (GVC) linkages. Our conclusions align with recent research indicating that new technologies have a generally limited impact on wages and labour income shares.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: wiiw Working Paper ; No. 240

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Estimation: General ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Empirical Studies of Trade ; Trade and Labor Market Interactions ; Technological Change: Choices and Consequences; Diffusion Processes
• Thema: Robot adoption ; ICT investment ; new technologies ; GVC ; wages ; labour income shares

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ghodsi, Mahdi ; Stehrer, Robert ; Barišić, Antea
• Ereignis: Veröffentlichung
• (wer): The Vienna Institute for International Economic Studies (wiiw)
• (wo): Vienna
• (wann): 2024

Weitere Informationen

• Handle: http://hdl.handle.net/10419/283284
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ