Does increasing robot density exacerbate wealth inequality?

IF 2.9 3区 经济学 Q1 ECONOMICS
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引用次数: 0

Abstract

This article expands the economic consequences of applying automation technology beyond the labor market to encompass wealth distribution. It empirically investigates the effects of changes in robot density on household wealth inequality and potential mechanisms. By using three-digit industry codes provided by the China Census 1 % sampling data in 2015, this paper achieves a more accurate matching of industrial robot data with individual data and employs instrumental variables to alleviate potential endogeneity bias. This paper finds that increasing robot density exacerbates the inequality of family wealth, and this effect has a particularly significant impact on young labor force and workers with low education. Its impact mechanism may come from the inequality of employment difficulty and the increase of the non-transferability of human capital. This study is of great importance to deeper understand the economic consequences of the accelerated use of automation technology and accurately formulate public policies to narrow the wealth gap.
机器人密度的增加是否会加剧财富不平等?
本文将自动化技术应用的经济后果从劳动力市场扩展到财富分配。文章实证研究了机器人密度变化对家庭财富不平等的影响及潜在机制。通过使用 2015 年中国人口普查 1 % 抽样数据提供的三位数行业代码,本文实现了工业机器人数据与个人数据的更精确匹配,并采用工具变量来减轻潜在的内生性偏差。本文发现,机器人密度的增加会加剧家庭财富的不平等,这种效应对年轻劳动力和低学历工人的影响尤为显著。其影响机制可能来自就业难度的不平等和人力资本不可转移性的增加。这项研究对于深入理解自动化技术加速应用的经济后果,准确制定缩小贫富差距的公共政策具有重要意义。
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
CiteScore
4.70
自引率
9.40%
发文量
90
期刊介绍: The Journal of Asian Economics provides a forum for publication of increasingly growing research in Asian economic studies and a unique forum for continental Asian economic studies with focus on (i) special studies in adaptive innovation paradigms in Asian economic regimes, (ii) studies relative to unique dimensions of Asian economic development paradigm, as they are investigated by researchers, (iii) comparative studies of development paradigms in other developing continents, Latin America and Africa, (iv) the emerging new pattern of comparative advantages between Asian countries and the United States and North America.
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