Lankisch, C., Prettner, K., and Prskawetz, A. (2019). How can robots affect wage inequality? Economic Modelling (forthcoming).Lankisch, C., Prettner, K., and Prskawetz, A. (2019). How can robots affect wage in- equality? Economic Modelling. (forthcoming)....
Others -- including, perhaps not surprisingly, some luminaries of the tech world -- are more sanguine about how much robots and AI will affect work. "Historically, technology has created more jobs than it destroys, and there is no reason to think otherwise in this case," said Vint Cerf, ...
AI development can lower the cost of machinery and equipment [6], leading firms to replace human labour with robots [7], and increase production automation [8], resulting in substitution effects [4], that ultimately cause job loss [9]. AI development can also have a positive impact on ...
and crime in Europe. The statistical evidence appears in general to support the hypothesis that the level of crime in Europe during the time period under study can be explained by the level of immigration in the context of country-wide sociodemographic factors. Results show that the homicide rate...
Over the last three decades, wage inequality and the importance of the minimum wage presented a nearly symmetric behavior in Portugal. Applying a semiparametric approach, this paper presents significant visual and quantitative evidence of how the MW structurally reshaped the wage distribution. The remar...
“superstars” versus the rest. Unless displaced labor can find new highly productive and high-wage occupations, workers may end up in low-wage jobs that create a drag on productivity growth. Our ability to create new jobs and skill workers will impact prospects for income, demand, and ...
Income inequality refers to how unevenly income is distributed throughout a population. The less equal the distribution, the greater the income inequality. Income inequality is often accompanied bywealthinequality, which is the uneven distribution of wealth. Populations can be divided up in different w...
A maximum wage is a price ceiling imposed on how much compensation a worker can receive in a given period of time. It can be imposed as an absolute level or as a ratio between high and low wage earners. If it is a binding constraint (below the market wage), then it will tend to r...
Elements of Inequality A History of Income Inequality in the United States How Education and Training Affect the Economy CURRENT ARTICLE Work Experience vs. Education: What's the Difference? Unemployment Rate by State Can a Family Survive on the U.S. Minimum Wage ...
Although interpersonal violence can occur at any socioeconomic level, people from lower socioeconomic backgrounds tend to have greater exposure to violence, especially in their formative years. Exposure to violence can negatively affect a person's academic and employment outcomes, and domestic violence ...