EconPapers    
Economics at your fingertips  
 

The impact of robots on equilibrium unemployment of unionized workers

Jiancai Pi () and Yanwei Fan

International Review of Economics & Finance, 2021, vol. 71, issue C, 663-675

Abstract: This paper analyzes how utilization of robots generates an impact on equilibrium unemployment of unionized workers. We construct a three-stage dynamic game, and find that the effect of robot utilization on equilibrium unemployment depends on the characteristic of returns to scale in the robot manufacturing sector. Furthermore, we find that the impact on economy-wide equilibrium unemployment depends also on the proportion of unskilled labor in the whole economy.

Keywords: Artificial intelligence; Robot; Automation; Equilibrium unemployment; Union (search for similar items in EconPapers)
JEL-codes: E24 J24 J51 O14 O33 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056020302318
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:71:y:2021:i:c:p:663-675

DOI: 10.1016/j.iref.2020.10.003

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().

 
Page updated 2021-04-23
Handle: RePEc:eee:reveco:v:71:y:2021:i:c:p:663-675