Technology, job characteristics, and retirement of aged workers: evidence from automation and IT adoption of firms in Korea

IF 2.8 4区管理学 Q2 BUSINESS

Industrial and Corporate Change Pub Date : 2023-01-24 DOI:10.1093/icc/dtad001

Jongwoo Chung, Chulhee Lee

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引用次数: 0

Abstract

Abstract We investigated how the adoption of a new production technology differently affects the risk of job separation of young and old employees in South Korea by analyzing establishment-level panel data linked with administrative employment insurance records on individual workers. To address potential endogeneity associated with a firm’s technology adoption, we conducted instrumental variable estimations with a two-stage residual inclusion (2SRI) approach. The results suggest that technology (indicated by newly adopted automation and increased purchase of Information Technology equipment) positively affects the overall employment of incumbent workers. However, the employment of aged workers is less favorably affected by newly adopted technologies compared to that of younger workers. In some conditions, technology adoptions increase the retirement risk of older workers absolutely as well as relative to that of younger workers. Newly adopted automation negatively affects the employment of aged workers who are engaged in clerical and support occupations or employed in the wholesale and retail industry. Estimation results according to the reason for retirement suggest that the negative effect of technology adoption on employment may be related to both labor demand and supply.

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技术、工作特征和老年工人的退休:来自韩国企业自动化和IT采用的证据

摘要:本文通过分析企业层面的面板数据与个别工人的行政就业保险记录相关联，研究了采用一种新的生产技术对韩国年轻员工和老员工离职风险的不同影响。为了解决与公司技术采用相关的潜在内生性问题，我们使用两阶段剩余包含(2SRI)方法进行了工具变量估计。结果表明，技术(以新采用的自动化和增加的信息技术设备购买为指标)对在职工人的整体就业有积极影响。然而，与年轻工人相比，老年工人的就业受到新技术的影响较小。在某些情况下，技术的采用绝对增加了老年工人的退休风险，也增加了相对于年轻工人的退休风险。新采用的自动化对从事文书和辅助职业或从事批发和零售业的老年工人的就业产生负面影响。根据退休原因的估计结果表明，技术采用对就业的负面影响可能与劳动力需求和劳动力供给有关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Industrial and Corporate Change Multiple-

CiteScore

5.10

自引率

4.00%

发文量

期刊介绍： The journal covers the following: the internal structures of firms; the history of technologies; the evolution of industries; the nature of competition; the decision rules and strategies; the relationship between firms" characteristics and the institutional environment; the sociology of management and of the workforce; the performance of industries over time; the labour process and the organization of production; the relationship between, and boundaries of, organizations and markets; the nature of the learning process underlying technological and organizational change.