Does automation really reduce jobs?
Using panel data from 63 countries in 2005–2021 and the generalised method of moments, this paper examines the impact of industrial robot utilisation on employment. Results show a 1 % increase in new industrial robot installations per 10,000 workers reduces the unemployment rate by 0.037 %-0.039 %....
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| Format: | Article |
| Language: | English |
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Elsevier
2024-07-01
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| Series: | Asia and the Global Economy |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2667111524000239 |
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| _version_ | 1850109386361405440 |
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| author | Zheng Fang Soon Hock Kang Sandra Myo Han May |
| author_facet | Zheng Fang Soon Hock Kang Sandra Myo Han May |
| author_sort | Zheng Fang |
| collection | DOAJ |
| description | Using panel data from 63 countries in 2005–2021 and the generalised method of moments, this paper examines the impact of industrial robot utilisation on employment. Results show a 1 % increase in new industrial robot installations per 10,000 workers reduces the unemployment rate by 0.037 %-0.039 %. The impact is more pronounced for male workers (0.045 %) than female workers (0.033 %), and youth unemployment is more significantly affected. Lastly, automation is found to reduce the unemployment rate by 0.052 % for people with intermediate education, yet with little effect on those with basic or advanced educational attainment. |
| format | Article |
| id | doaj-art-e32a0c829b07407a8198ee306e5a6fa3 |
| institution | OA Journals |
| issn | 2667-1115 |
| language | English |
| publishDate | 2024-07-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Asia and the Global Economy |
| spelling | doaj-art-e32a0c829b07407a8198ee306e5a6fa32025-08-20T02:38:05ZengElsevierAsia and the Global Economy2667-11152024-07-014210009910.1016/j.aglobe.2024.100099Does automation really reduce jobs?Zheng Fang0Soon Hock Kang1Sandra Myo Han May2Office of Graduate Studies, Singapore University of Social Sciences, Singapore; Correspondence author at: Associate Professor, Director, Office of Graduate Studies, Singapore University of Social Sciences, 463 Clementi Road, Singapore 599494.School of Humanities and Behavioural Sciences, Singapore University of Social Sciences, SingaporeSchool of Humanities and Behavioural Sciences, Singapore University of Social Sciences, SingaporeUsing panel data from 63 countries in 2005–2021 and the generalised method of moments, this paper examines the impact of industrial robot utilisation on employment. Results show a 1 % increase in new industrial robot installations per 10,000 workers reduces the unemployment rate by 0.037 %-0.039 %. The impact is more pronounced for male workers (0.045 %) than female workers (0.033 %), and youth unemployment is more significantly affected. Lastly, automation is found to reduce the unemployment rate by 0.052 % for people with intermediate education, yet with little effect on those with basic or advanced educational attainment.http://www.sciencedirect.com/science/article/pii/S2667111524000239O33E24 |
| spellingShingle | Zheng Fang Soon Hock Kang Sandra Myo Han May Does automation really reduce jobs? Asia and the Global Economy O33 E24 |
| title | Does automation really reduce jobs? |
| title_full | Does automation really reduce jobs? |
| title_fullStr | Does automation really reduce jobs? |
| title_full_unstemmed | Does automation really reduce jobs? |
| title_short | Does automation really reduce jobs? |
| title_sort | does automation really reduce jobs |
| topic | O33 E24 |
| url | http://www.sciencedirect.com/science/article/pii/S2667111524000239 |
| work_keys_str_mv | AT zhengfang doesautomationreallyreducejobs AT soonhockkang doesautomationreallyreducejobs AT sandramyohanmay doesautomationreallyreducejobs |