Explaining the Labor Share: Automation Vs Labor Market Institutions

• Tipo: Artigo em Revista Científica Internacional
• Data: 2022

Autores

Guimaraes, L (Autor) Outra; Pedro Rui Mazeda Gil (Autor) FEP

Revista

Título: Labour Economics

Vol. 75

ISSN: 0927-5371

Editora: Elsevier

Indexação

ISI Web of Knowledge - 22 Citações

Scopus - 20 Citações

Outras Informações

ID Authenticus: P-00W-994

DOI: 10.1016/j.labeco.2022.102146

Abstract (EN): We propose a simple model to assess the evolution of the US labor share and how automation affects employment. In our model, heterogeneous firms may choose a manual technology and hire a worker subject to matching frictions. Alternatively, they may choose an automated technology and produce using only machines (robots). Our model suggests that automation reduces the labor share but increases employment and wages. Furthermore, our model suggests that labor market institutions are unlikely to have played a major role in the fall of the US labor share after 1987. Instead, technological factors are a more promising candidate.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 12