The impact of robots on equilibrium unemployment of unionized workers
Jiancai Pi () and
International Review of Economics & Finance, 2021, vol. 71, issue C, 663-675
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:71:y:2021:i:c:p:663-675
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