Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/181643
Authors: 
Nalbach, Eva
Year of Publication: 
2018
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2018: Digitale Wirtschaft - Session: Growth III C03-V2
Abstract: 
Developments in digital technologies enabled the emergence and rapid growth of the sharing economy predicted to account for up to 5% of EU GDP in coming years. This paper contextualises these developments within a dynamic two sector model of the economy and analyses the effects of efficiency gains in the sharing sector on growth, income distribution and employment. We identify three sources of technological progress in the sharing sector and find that an expansion of this sector, in line with recent predictions, will lead to modest GDP growth and declines in both wage share and employment, if sharing is organised by profit maximising firms. We compare this solution to a case where households organise sharing directly and find that the sharing sector will be larger under the same technological conditions in the latter case.
Subjects: 
Neoclassical Growth Model
Two Sector Growth Model
Technological Change
Macroeconomic Model
Aggregative Model
GDP
Sharing Economy
Wage Share
Employment
JEL: 
O41
E10
J2
Document Type: 
Conference Paper
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