Impact of New Technologies on the Labor Market: Past Lessons and New Challenges

Влияние новых технологий на рынок труда: прошлые уроки и новые вызовы

Lyashok, Victor (Ляшок, Виктор) (), Tatyana Maleva and Lopatina, Marina (Лопатина, Марина) ()
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Lyashok, Victor (Ляшок, Виктор): ussian Presidential Academy of National Economy and Public Administration, Financial Research Institute of the Ministry of Finance of the Russian Federation
Lopatina, Marina (Лопатина, Марина): ussian Presidential Academy of National Economy and Public Administration

Ekonomicheskaya Politika / Economic Policy, 2020, vol. 4, 62-87

Abstract: The article is devoted to the review of theoretical and applied studies on the impact of technological progress on the labor market and public policy. Firstly, the influence of previous industrial revolutions is considered. It is shown that new technologies during the last two centuries have been resulting in growth of employment and reduction of working hours. In addition, mass computerization observed in the past few decades has led to polarization of the labor market. Secondly, the concept of the Fourth Industrial Revolution is analyzed. It is pointed out that, despite active discussion of this topic in the mass media and in the expert community, so far the results of the former have been limited and the latest technologies related to it are poorly distributed even in the most developed countries. However, studies devoted to quantitative estimates of automation and labor substitution have a highly controversial methodology. As a result, the majority of alarmist predictions are deemed unfounded. Various studies have indicated that the more likely response to the new technological revolution is not an increase in unemployment, but rather a spread of non-standard employment. Finally, changes in government labor market policy due to technological innovations of recent years are investigated. Despite the persistent intentions to reform the fundamental labor market policies, European employment services continue to apply a standard set of practices. The data available for Russia indicate that the risks of automation and significant changes on the labor market are even lower than in developed countries.

Keywords: technological advances; labor market; technological unemployment; working time; labor market policy; labor market polarization (search for similar items in EconPapers)
JEL-codes: E24 J20 J46 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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