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Impacts of digitization on real estate sector jobs

Author

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  • Daniel Piazolo
  • Utku Cem Dogan

Abstract

Purpose - Previous research on automation and job disruption is only marginally related to the real estate industry and its characteristics. This study investigates the effects of digitization on jobs in German real estate sector, in order to assess the proportion of jobs threatened to be replaced by automation. Since Germany is the largest EU economy insights for the German real estate market allow a first approximation for Europe. Design/methodology/approach - An extensive database of the German Federal Employment Agency containing job definitions and occupation titles is matched with real estate criteria to create a subset with the relevant real estate occupations. This data is combined with a database of the German Institute of Employment Research reflecting to what extent tasks within jobs can be automated by current technical capabilities. Findings - For the 286 identified occupations within the real estate sector a weighted average of 47 percent substitution probability through current technological capabilities is derived for tasks within the examined occupations. Practical implications - This contribution indicates the extent of the structural change the real estate sector has to face due to digitization: One out of two real estate jobs will have to be re-created. Originality/value - This research quantifies the magnitude of the job killer aspect of digitization in the real estate sector.

Suggested Citation

  • Daniel Piazolo & Utku Cem Dogan, 2020. "Impacts of digitization on real estate sector jobs," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 39(2), pages 47-83, March.
    • Handle: RePEc:eme:jpifpp:jpif-09-2019-0125
    DOI: 10.1108/JPIF-09-2019-0125
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    Cited by:

    1. Gertner, Daniel & Dennis, Elliott, 2020. "Impact of COVID-19 on Demand for Distillers Grains from Impact of COVID-19 on Demand for Distillers Grains from Livestock Operations Livestock Operations," Cornhusker Economics 309740, University of Nebraska-Lincoln, Department of Agricultural Economics.
    2. Vargas Prieto, Amanda & Rojas Mora, Jaime Edison, 2022. "Contribuciones del cooperativismo al modelo de desarrollo rural en Colombia – revisión de la literatura," Revista Tendencias, Universidad de Narino, vol. 23(2), pages 53-77, July.
    3. Tian, Jinfang & Yu, Longguang & Xue, Rui & Zhuang, Shan & Shan, Yuli, 2022. "Global low-carbon energy transition in the post-COVID-19 era," Applied Energy, Elsevier, vol. 307(C).
    4. Weber, Rolf & Braun, Jürgen & Frank, Markus, 2022. "How does the Adoption of Digital Technologies Affect the Social Sustainability of Small-scale Agriculture in South-West Germany?," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 13(03), September.

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