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ResearchPaper
2017
Robots and the skill premium : an automation-based explanation of wage inequality
Robots and the skill premium : an automation-based explanation of wage inequality
Abstract (English)
We analyze the effects of automation on the wages of high-skilled and low- skilled workers and thereby on the evolution of wage inequality. Our model explains the simultaneous presence of i) increasing per capita GDP, ii) de-clining real wages of low-skilled workers, and iii) an increasing skill-premium. These developments are consistent with the experience in the United States over the past decades and have the potential to contribute to the explanation of the rise in overall incomeinequality that we have observed since the 1980s.
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Publication license
Publication series
Hohenheim discussion papers in business, economics and social sciences; 2017,29
Published in
Faculty
Faculty of Business, Economics and Social Sciences
Institute
Institute of Economics
Examination date
Supervisor
Edition / version
Citation
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DOI
ISSN
ISBN
Language
English
Publisher
Publisher place
Classification (DDC)
330 Economics
Original object
Standardized keywords (GND)
Sustainable Development Goals
BibTeX
@techreport{Lankisch2017,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6198},
author = {Lankisch, Clemens and Prettner, Klaus and Prskawetz, Alexia et al.},
title = {Robots and the skill premium : an automation-based explanation of wage inequality},
year = {2017},
school = {Universität Hohenheim},
series = {Hohenheim discussion papers in business, economics and social sciences},
}