Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238586 
Year of Publication: 
2021
Series/Report no.: 
ADBI Working Paper Series No. 1229
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
Rapid technological progress poses challenges for labor markets. Automation can both displace and create jobs. Currently, an unprecedented digitalization of our economy is underway. Artificial intelligence has become a reality and machines are able to learn how to outperform humans in some cognitive tasks. This ongoing technological transformation of work can interact with the COVID-19 pandemic shock resulting in fewer jobs for the less educated and low-skill workers as well as further decline in the labor share of national income. This paper reviews the impact of automation and artificial intelligence on work and discusses the long-run effects of the pandemic crisis on the workforce. It also presents some thoughts on how the challenges ahead should be addressed through a multidimensional policy response.
Subjects: 
automation
artificial intelligence
future of work
COVID-19
labor markets
JEL: 
J11
J21
J23
J24
J31
J38
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.