How effective are cash transfers at improving labour market outcomes in settings characterized by severe job scarcity and constraints to self-employment? This paper provides evidence of the labour market effects of South Africa's Social Relief of Distress (SRD) grant, a low-value, unconditional...

As artificial intelligence (AI) and automation continue to reshape industries, concerns about technological unemployment are intensifying. This study employs a Systematic Literature Review (SLR) guided by the PRISMA framework to examine peer-reviewed literature from the Scopus database...

We study two first‐order economic consequences of vertical mismatch, using a simple (neoclassical) model of under and overemployment. Individuals of high type can perform both skilled and unskilled jobs, but only a fraction of low‐type workers can perform skilled jobs. People have different...

Should we insulate humanity from AI development in an effort to preserve people’s ability to form self-esteem and find meaning in their occupations? In this article, we take this possibility seriously and argue that technological insulation would ultimately fail in its aim. In doing so, we...

This paper analyses deviations from full employment in EU countries, compared with the US and the UK. We apply the Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The BECRU is the level of unemployment that minimises the...

Employment is the greatest livelihood. Whether the impact of industrial robotics technology materialized in machines on employment in the digital age is an “icing on the cake” or “adding fuel to the fire” needs further study. This study aims to analyze the impact of the installation and...

Benchmark models of structural transformation focus on the reallocation of employment across sectors while assuming that overall employment stays constant. We show that this assumption does not match facts for developing economies. We study a panel of 48 mostly developing economies over the...

Using a micro dataset from labour force survey of Turkey and employing a multinomial logistic regression, this paper examines the determinants of mere overeducation, mere field of study mismatch and full-mismatch (who are both overeducated and field of study mismatched simultaneously). The...

This paper deals with the complex relationship between innovation and the labor market, analyzing the impact of new technological advancements on overall employment, skills and wages. After a critical review of the extant literature and the available empirical studies, novel evidence is...

This paper deals with the complex relationship between innovation and the labor market, analyzing the impact of new technological advancements on overall employment, skills and wages. After a critical review of the extant literature and the available empirical studies, novel evidence is...

This paper deals with the complex relationship between innovation and the labor market, analyzing the impact of new technological advancements on overall employment, skills and wages. After a critical review of the extant literature and the available empirical studies, novel evidence is...

Debates about the future of work frequently reference past instances of transformative innovation to preface analysis of how automation and artificial intelligence could reshape society and the economy. However, technological shifts in history are rarely considered in depth or used to improve...

We construct a search matching model, which incorporates endogenous labour market participation into the segmented labour market by combining the models of Albrecht and Vroman (2002) and Garibaldi and Wasmer (2005) to investigate how to raise the labour force participation rate in the segmented...

"A concise yet century-spanning exploration of the power of platforms, what the future of capitalism will look like, and how to build economies that provide equality and lasting prosperity." - Provided by publisher

We analyse the moderating effect of trade unions on industrial employment and unemployment in countries facing exposure to industrial robots. Applying random effects within-between regression to a pseudo-panel of observations from 28 advanced democracies over 1998-2019, we find that stronger...

Labour market developments in the Euro area diverged significantly since 2008. Economic literature frequently refers to labour mobility as pillar for the functioning of currency areas. Applying the CGE model PuMA, we quantitatively analyse to what extent labour mobility can contribute to...

We analyse the moderating effect of trade unions on industrial employment and unemployment in countries facing exposure to industrial robots. Applying random effects within-between regression to a pseudo-panel of observations from 28 advanced democracies over 1998-2019, we find that stronger...

Three waves of technological unemployment -- Possible policy solutions to counteract the rise of technological unemployment and its consequences -- Basic income -- Wellbeing and behavioral economics -- The wellbeing impact of an unconditional basic income -- Concluding remarks : and...

This paper represents one of the first attempts at building a direct measure of occupational exposure to robotic labour-saving technologies. After identifying robotic and labour-saving robotic patents retrieved by Montobbio et al., (2022), the underlying 4-digit CPC definitions are employed in...

This paper represents one of the first attempts at building a direct measure of occupational exposure to robotic labour-saving technologies. After identifying robotic and LS robotic patents retrieved by Montobbio et al. (2022), the underlying 4-digit CPC definitions are employed in order to...

This paper represents one of the first attempts at building a direct measure of occupational exposure to robotic labour-saving technologies. After identifying robotic and LS robotic patents retrieved by Montobbio et al. (2022), the underlying 4-digit CPC definitions are employed in order to...

This paper presents an agent-based model (ABM) of endogenous arrival of technological paradigms and new sectors entailing different patterns of labour creation and destruction, as well as of consumption dynamics. The model, building on the labour-augmented K+S ABM, addresses the long-term...

European unemployment has been steadily increasing for the last 15 years and isexpected to remain very high for many years to come. In this paper, we argue thatthis fact implies that shocks have much more persistent effects on unemployment thanstandard theories can possibly explain. We develop a...

In this paper, we show that underemployment and not necessarily high unemployment becomes the main measure of economic slack under secular stagnation. Specifically, persistent underemployment occurs in the search and matching model, provided that households derive utility from holding wealth,...

The effects of automation on our economy and society are more palpable than ever, with nearly half of jobs at risk of being fully executed by machines over the next decade or two. Policymakers and scholars alike have championed the Universal Basic Income (UBI) as a catch-all solution to this...

A major cause of unemployment, distinct from inadequate aggregate demand and instability of workers, is the instability of jobs themselves. In an average year about one in every nine jobs disappear and one in every eight is newly created. This is based on an analysis of year to year employment...