{"title":"Technology and task changes in the major EU countries","authors":"Sergio De Nardis, Francesca Parente","doi":"10.1111/coep.12558","DOIUrl":null,"url":null,"abstract":"<p>Drawing on the Acemoglu–Restrepo framework, this article investigates the influence of technological innovations on the wage bill of France, Germany, Italy and Spain We show that in these countries: (a) the wage-bill deceleration since the 1990s has mainly been productivity driven; (b) but was also affected by a wage-share compression; (c) contraction of labor-intensive tasks played a relevant role in such compression; (d) this reflected an acceleration of technology-induced labor displacement not sufficiently offset by the reinstatement of new labor-intensive tasks; (e) labor displacement was higher in low-end services. Econometric analysis of displacement confirms the influence of technology.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 2","pages":"391-413"},"PeriodicalIF":1.7000,"publicationDate":"2021-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Contemporary Economic Policy","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/coep.12558","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 2
Abstract
Drawing on the Acemoglu–Restrepo framework, this article investigates the influence of technological innovations on the wage bill of France, Germany, Italy and Spain We show that in these countries: (a) the wage-bill deceleration since the 1990s has mainly been productivity driven; (b) but was also affected by a wage-share compression; (c) contraction of labor-intensive tasks played a relevant role in such compression; (d) this reflected an acceleration of technology-induced labor displacement not sufficiently offset by the reinstatement of new labor-intensive tasks; (e) labor displacement was higher in low-end services. Econometric analysis of displacement confirms the influence of technology.
期刊介绍:
Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.