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ResearchPaper
2018
Technological unemployment revisited
Technological unemployment revisited
automation in a searchand matching framework
automation in a searchand matching framework
Abstract (English)
Will low-skilled workers be replaced by automation? To answer this question, we set up a search and matching model that features two skill types of workers and includes automation capital as an additional production factor. Automation capital is a perfect substitute for low-skilled workers and an imperfect substitute for high-skilled workers. Using this type of model, we show that the accumulation of automation capital decreases the labor market tightness in the low-skilled labor market and increases the labor market tightness in the high-skilled labor market. This leads to a rising unemployment rate of low-skilled workers and a falling un- employment rate of high-skilled workers. In addition, automation leads to falling wages of low-skilled workers and rising wages of high-skilled workers.
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Publication series
Hohenheim discussion papers in business, economics and social sciences; 2018,19
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Faculty
Faculty of Business, Economics and Social Sciences
Institute
Institute of Economics
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Cite this publication
Prettner, K., & Cords, D. (2018). Technological unemployment revisited : automation in a searchand matching framework. https://hohpublica.uni-hohenheim.de/handle/123456789/6310
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Language
English
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Classification (DDC)
330 Economics
Original object
University bibliography
Standardized keywords (GND)
Sustainable Development Goals
BibTeX
@techreport{Prettner2018,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6310},
author = {Prettner, Klaus and Cords, Dario},
title = {Technological unemployment revisited : automation in a searchand matching framework},
year = {2018},
school = {Universität Hohenheim},
series = {Hohenheim discussion papers in business, economics and social sciences},
}