Assessing the Impact of New Technologies on Wages and Labour Income Shares

Antea Barišić, Mahdi Ghodsi and Robert Stehrer

No 240, wiiw Working Papers from The Vienna Institute for International Economic Studies, wiiw

Abstract: This paper advances the literature on the impacts of new technologies on labour markets, focusing on wage and labour income shares. Using a dataset from 32 countries and 38 industries, we analyse the effects of new technologies – proxied by patents, information and communication technology (ICT) capital usage, and robot intensity – on average wages and labour income shares over time. Our results indicate a positive correlation between patents and wage levels along with a minor negative impact on labour income shares, suggesting that technology rents are not fully passed on to labour. Robot intensity is positively associated with labour income shares, while ICT capital has an insignificant effect. These effects persist over time and are reinforced by global value chain (GVC) linkages. Our conclusions align with recent research indicating that new technologies have a generally limited impact on wages and labour income shares.

Keywords: Robot adoption; ICT investment; new technologies; GVC; wages; labour income shares (search for similar items in EconPapers)
JEL-codes: C13 C23 F14 F16 O33 (search for similar items in EconPapers)
Pages: 42 pages including 19 Tables and 1 Figure
Date: 2024-01
New Economics Papers: this item is included in nep-ict, nep-int, nep-lma and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published as wiiw Working Paper

Downloads: (external link)
https://wiiw.ac.at/assessing-the-impact-of-new-tec ... -shares-dlp-6773.pdf (application/pdf)

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:wii:wpaper:240

Ordering information: This working paper can be ordered from
https://wiiw.ac.at

Access Statistics for this paper

More papers in wiiw Working Papers from The Vienna Institute for International Economic Studies, wiiw Contact information at EDIRC.
Bibliographic data for series maintained by Customer service ().