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The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries

Cilt: 5 Sayı: 75 24 Ekim 2022
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The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries

Öz

This paper studies the impact of technology on unemployment, focusing on OECD countries. Obviously, there is no consensus in the literature about the future impacts of technological breakthroughs on employment. The clear point is that the current skills will not match the occupations of the future and the companies will need many new skills. Technological advances will create millions of jobs but the other millions of jobs will disappear in this process. The purpose of this paper is to point out the ultimate impact of technology on unemployment at the macro level, which is quite insufficient quantitatively, related to the impact of technology on employment. In this paper, the nexus between technology and unemployment has been analyzed with S-GMM estimator in 33 OECD member countries for the years 2005-2018. According to panel data analysis, it is seen that all the control variables but GDP are statistically significant. The independent variable, IP5 patents representing technology is statistically highly significant and has a negative correlation with the dependent variable. The empirical results show that a 1% increase in technology reduces unemployment by 0.07%.

Anahtar Kelimeler

Kaynakça

  1. Abor, J., & Harvey, S. K. (2008). Foreign direct investment and employment: Host country experience. Macroeconomics and Finance in Emerging Market Economies, 1(2), 213–225.
  2. Adanu, K. (2005). A cross-province comparison of Okun's coefficient for Canada. Applied Economics, 37(5), 561-570.
  3. Anderson, T. W., & Hsiao, C. (1981). Estimation of dynamic models with error components. Journal of the American Statistical Association, 76, 598-606.
  4. Anderson, T. W., & Hsiao, C. (1982). Formulation and estimation of dynamic models u-using panel data. Journal of Econometrics, 18, 47-82.
  5. Arellano, M. (2003). Panel data econometrics. Oxford: Oxford University Press. Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: monte carlo evidence and an application to employment equations. Review of Economic Studies, 58, 277-297.
  6. Arellano, M., & Bover, O. (1995). Another look at the instrumental variables estimation of error component models. Journal of Econometrics, 68, 29-51.
  7. Aubert-Tarby, C., Escobar, O. R., & Rayna, T. (2017). The impact of technological change on employment: the case of press digitisation. Technological Forecasting & Social Change, 128, 36-45.
  8. Avom, D., Dadegnon, A. K., & Igue, C. B. (2021). Does digitalization promote net job creation? Empirical evidence from WAEMU countries. Telecommunications Policy, 45(8), 102215.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Çalışma Ekonomisi

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

24 Ekim 2022

Gönderilme Tarihi

30 Nisan 2022

Kabul Tarihi

3 Ekim 2022

Yayımlandığı Sayı

Yıl 2022 Cilt: 5 Sayı: 75

Kaynak Göster

APA
Dağlı, İ. (2022). The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries. Çalışma ve Toplum, 5(75), 2775-2794. https://doi.org/10.54752/ct.1191460
AMA
1.Dağlı İ. The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries. CT. 2022;5(75):2775-2794. doi:10.54752/ct.1191460
Chicago
Dağlı, İbrahim. 2022. “The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries”. Çalışma ve Toplum 5 (75): 2775-94. https://doi.org/10.54752/ct.1191460.
EndNote
Dağlı İ (01 Ekim 2022) The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries. Çalışma ve Toplum 5 75 2775–2794.
IEEE
[1]İ. Dağlı, “The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries”, CT, c. 5, sy 75, ss. 2775–2794, Eki. 2022, doi: 10.54752/ct.1191460.
ISNAD
Dağlı, İbrahim. “The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries”. Çalışma ve Toplum 5/75 (01 Ekim 2022): 2775-2794. https://doi.org/10.54752/ct.1191460.
JAMA
1.Dağlı İ. The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries. CT. 2022;5:2775–2794.
MLA
Dağlı, İbrahim. “The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries”. Çalışma ve Toplum, c. 5, sy 75, Ekim 2022, ss. 2775-94, doi:10.54752/ct.1191460.
Vancouver
1.İbrahim Dağlı. The Rise of Technology for the Future Labor Force: The Nexus between Technology and Unemployment in OECD Countries. CT. 01 Ekim 2022;5(75):2775-94. doi:10.54752/ct.1191460

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