Robotization and labor supply in the context of a dynamic monopsony: novel evidence from South Korea

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dc.contributor.authorSaade, Ahmed
dc.contributor.authorAlexiou, Constantinos
dc.contributor.authorBelghitar, Yacine
dc.date.accessioned2022-09-02T11:19:44Z
dc.date.available2022-09-02T11:19:44Z
dc.date.issued2022-08-31
dc.description.abstractWe estimate the effects of robotization on labor supply in Manufacturing, Services and the whole of the South Korean economy using exponential hazard and a random effects logit methodologies over the period 1999-2019. Our findings suggest that a larger operational stock of industrial robots in manufacturing is associated with manufacturing (non-manufacturing) workers becoming more (less) responsive to a change in wages in their decision to quit to non-employment, whilst the ease with which firms can poach workers is found to be unaffected by robotization.en_UK
dc.identifier.citationSaade A, Alexiou C, Belghitar Y. (2022) Robotization and labor supply in the context of a dynamic monopsony: novel evidence from South Korea. Seoul Journal of Economics, Volume 35, Issue 3, 2022, pp. 207-240en_UK
dc.identifier.issn1225-0279
dc.identifier.urihttps://doi.org/10.22904/sje.2022.35.3.001
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/18406
dc.language.isoenen_UK
dc.publisherInstitute of Economic Research (Korea) et al.,en_UK
dc.rightsAttribution-NonCommercial 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/*
dc.subjectAutomationen_UK
dc.subjectDynamic monopsonyen_UK
dc.subjectElasticity of labor supplyen_UK
dc.subjectIndustrial robotsen_UK
dc.subjectLabor shareen_UK
dc.subjectSouth Koreaen_UK
dc.titleRobotization and labor supply in the context of a dynamic monopsony: novel evidence from South Koreaen_UK
dc.typeArticleen_UK

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