The impact of automation on human capital investment

Jia Yang, Yu Pei and Wei Qiang

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: This paper examines the impact of automation on household human capital investment using a micro-sample from the China Family Tracking Survey (CFPS). The findings suggest that the advance of automation stimulates household human capital investment. This impact is heterogeneous at both the household level and the regional level. For households where the head of the household is male or where the head of the household has a low level of education, it is easier to invest in education due to technological advances. In addition, mechanism analysis suggests that automation positively affects household human capital investment indirectly through public spending on education. This study contributes to a better understanding of how governments and households can cope with the technological shocks brought about by automation.

Keywords: Automation; Human capital investment; Risk perception (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002484

DOI: 10.1016/j.frl.2024.105218

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