Did robots make wages less responsive to unemployment?

Michał Brzozowski and Joanna Siwińska-Gorzelak

Technological Forecasting and Social Change, 2024, vol. 209, issue C

Abstract: Over recent years, there has been a notable change in the relationship that ties wage dynamics and unemployment, bearing significant implications for the formulation and implementation of monetary policies. Previous studies have identified a range of factors that potentially underlie this phenomenon but neglected the impact of robotisation. This paper seeks to address this gap by using data for 33 advanced economies and presenting compelling and robust empirical evidence of the moderating effect of robotisation on the relationship between unemployment and wage inflation.

Keywords: Robotisation; Labour market; Wage Phillips curve (search for similar items in EconPapers)
JEL-codes: E24 E52 O33 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:209:y:2024:i:c:s0040162524005675

DOI: 10.1016/j.techfore.2024.123769

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