Summary of topics offered - Department of Economics (FBE)
Type of work:
Technological transformation, job polarization and income inequality
|State of topic:|
approved (doc. Ing. Petr Rozmahel, Ph.D. - head of department)
Faculty of Business and Economics
|Department of Economics - FBE|
Max. no. of students:
The Skill-Biased Technological Change (SBTC) hypothesis suggests positive correlation between demand for labour and education and skills. Higher requirements for knowledge and skills due to technological transformation are supposed to induce rising demand for labour in favour of better educated and skilled workers. However the SBTC hypothesis fails in explaining recent phenomenon of job polarisation, which can be observed in the U.S. and Europe over the past two decades. The demand for labour for high skilled and low skilled seems to raise steadily whereas the middle skilled workers seem to be less demanded. Such conclusion is based on observation of changing occupational skill distribution in the pool of employed. The employment shares of high skilled and low skilled has raised contrary to the middle skilled. The Routine-Biased Technological Change hypothesis (RTBC) considers the middle skilled occupations such as manufacturing, clerical, rule based administrative or highly procedural activities to be the routine tasks which can be replaced by automatic machines, robots or computer programs. Assuming the middle skilled labour is a significant part of the middle class of society, observed job polarisation has important socio-economic effects such as an obvious impact upon primary incomes of households. This phenomenon worth being examined in details.
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|D-HPSA Economic Policy and Administration|