Robots and Unemployment

Noritaka Kudoh and Hiroaki Miyamoto

No SDES-2021-5, Working Papers from Kochi University of Technology, School of Economics and Management

Abstract: This paper studies the impact of the robotics revolution on the labor market outcomes through the lens of capital-augmenting technological progress. We develop a tractable search-matching model with labor market segmentation and multi-factor production to find the condition under which the new technology harms the labor market in the long run. The robotics revolution hits the labor market for routine-task intensive jobs harder under a more generous unemployment policy. Automation of abstract tasks may cause a disaster for those who are reallocated to routine-task intensive occupations.

Keywords: robots; capital-augmenting technological progress; search-matching frictions; unemployment; routinization (search for similar items in EconPapers)
JEL-codes: E32 J20 J64 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2021-05, Revised 2021-05
New Economics Papers: this item is included in nep-dge, nep-gro, nep-lab, nep-mac and nep-ore
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Published in SDE Series, May 2021, pages 1-47

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Persistent link: https://EconPapers.repec.org/RePEc:kch:wpaper:sdes-2021-5

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