Time: 10:00 am- 11:30 am, Oct. 11th, 2024
Speaker: Harry Haishi Li
(University of Hong Kong)
Venue: 1F, Wanzhong Building, Langrun Garden, Peking University
Platform: Zoom
Meeting ID: 994 5991 6531
Passcode: inse
Abstract:
What is the effect of robots and tools on employment and inequality? Using natural language processing and an instrumental variable approach, we discover that robots have led to a sizable decrease in the employment and wages of low-skilled workers in operational occupations. However, tools–machines that complement labor–have led to an equally large reinstatement of these workers, increasing their employment and wages. Using a quantitative model, we find that the lower prices of robots and tools over the last 20 years have reduced inequality and increased welfare without a significant effect on employment.
Speaker:
Haishi Li is an assistant professor in economics at the HKU Business School of the University of Hong Kong. He works on international trade and international macroeconomics, with research interests spanning multinational production, trade policy, and climate change.
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