AIAS Lunch Seminar, 9 juni: Dr. Ulrich Zierahn - the Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim, Germany

Tasks, Occupations, and Capital-Labor Substitution

Dr. Ulrich Zierahn

Day: Thursday 9 june 2016
Time: 12.15 – 13.15 hrs.
Location: AIAS, 4th floor Gijsbert van Tienhoven building, room 4.09, Roeterstraat 31, 1018 WB
Registration: Please send an email, preferably before Wednesday 8 June, 12.00 hrs. to register.
A sandwich will then be provided.

Abstract

A fast growing literature discusses the routine-biased technological change (RBTC) hypothesis, which suggests that new technologies replace workers in codifiable, routine tasks. Many papers show that trends in occupational and task-structures are in line with this hypothesis. In this paper, we develop a framework to show, how workers adjust their task-schedules to changing capital endowments of their jobs and how this affects labor demand in different types of jobs. New technologies affect the task-composition of jobs and increase productivity, which may raise or reduce labor demand, depending on the elasticity of labor demand. We empirically implement the framework to analyze, which tasks can be substituted by automation technologies and how capital-labor substitution depends on the elasticity of demand. The preliminary results indicate that automation technologies substitute for labor in tasks which are usually classified as routine, although the results suggest some modications of the usual task classifications. Moreover, the preliminary results indicate that, even though these technologies substitute for labor in (some) tasks, they complement labor in occupations.

AIAS lunch Seminar Series in June 2016

16 June 2016

The empirical relation between asset management costs and financial performance of Dutch pension funds
David Hollanders
Lecturer finance at Tilburg University

23 June 2016

tba
Janna Besamusca
University of Amsterdam, AIAS


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