This paper aims to explain how new technology impacts the labor market and to what extent it substitutes for labor. In addition, the relationship between new technology and income distribution will be examined. The analysis is based on an extensive literature survey and an empirical analysis covering 10 OECD countries over an eight year period. Advanced economies were chosen because according to recent research, they are likely to be most affected by rapid technological development. By implementing panel data and a fixed effect estimation technique, it is shown that ICT-investments are positively correlated with unemployment while no effect was found with regard to inequality.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:kth-215280 |
| Date | January 2017 |
| Creators | Osoria, Angel |
| Publisher | KTH, Nationalekonomi |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
| Relation | TRITA-ITM-EX ; 2017:35 |
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