Industry 4.0 and some social consequences: Impact assessment by microsimulation for Hungary

Ilona Cserháti () and Károly Pirisi
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Ilona Cserháti: Department of Statistics, Corvinus University of Budapest, Hungary
Károly Pirisi: Department of International Trade and Logistics, Budapest Business School, Hungary

Society and Economy, 2020, vol. 42, issue 2, 105-123

Abstract: The expected future impact of the fourth industrial revolution is a hotly debated issue in the literature. The majority of papers focus on quantifying the expected impacts on labour demand, or on a specific country, or on huge macro-regions – and the estimates differ widely. Our paper focuses on the impact assessment of Industry 4.0 on the expected structure of employment, wages and inequalities in Hungary. We built a static microsimulation model for our analysis, where the “EU Survey of Income and Living Conditions Hungary 2017” dataset was used as a starting point. Projections by the European Centre for the Development of Vocational Training (CEDEFOP) were used for policy simulations on future employment by sector and by occupational group for each European Union (EU) member state. The analysis also elaborates our own augmented vision about the expected labour demand changes and expected wage trends. Based on this information, the spill-over effects were calculated regarding wage structure and inequalities by sector, region and the highest educational attainment.

Keywords: employment; labour demand; wage structure; skills; microsimulation (search for similar items in EconPapers)
JEL-codes: C81 J21 J23 J24 J31 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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