Authors
Fabiano Compagnucci, Andrea Gentili, Enzo Valentini, Mauro Gallegati
Publication date
2019/12/8
Journal
Applied Economics
Volume
51
Issue
57
Pages
6127-6138
Publisher
Routledge
Description
Robots are the most important innovation which has affected the production process in the last three decades. Thanks to the latest advances in technology, they have been able to perform an ever-increasing number of tasks, eventually replacing human work within the whole production process. However, because of the scarcity of suitable data, the extent of this potentially disrupting process is not fully assessed. This paper makes up for the lack of empirical evidence on the effect of robotization on labour dislocation using data collected by the International Federation of Robotics (IFR) on the number of robots installed in the different manufacturing industries of 16 OECD countries over the period 2011–2016. We show that at the industry level a 1% growth in the number of robots reduces the growth rate of worked hours by 0.16, as well as the selling prices and the real values of the compensations of employees …
Total citations
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