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Efectos de la automatización en el empleo en Chile

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  • Tiare Rivera

    (Universidad Alberto Hurtado, Chile)

Abstract

This paper analyzes the effects of new technologies oriented to automation in the Chilean labor market. A general equilibrium model is used, in which the investment in robotic capital and the investment in traditional capital are considered separately, allowing the study of the effects of complementarity and substitution that are verified in relation to the labor factor. In particular, the model treats robotic capital as a direct substitute for labor, while incorporating traditional capital as complementary to it. By subjecting the economy to shocks in robotic capital prices, the effects on consumption, employment, wages and GDP can be studied. The results indicate that a fall in the international purchase price of robotic capital has a negative impact on employment as well as on the product. The exercises carried out in this study indicate that a decrease in the international price of robotic capital by 1%, under conditions of high replacement rates between employment and robots, produces a drop in employment and wages of 0.05% if the change is transitory and of 0.25% if it is permanent due to an increase in imports of robotic capital.

Suggested Citation

  • Tiare Rivera, 2019. "Efectos de la automatización en el empleo en Chile," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 34(1), pages 3-49, April.
    • Handle: RePEc:ila:anaeco:v:34:y:2019:i:1:p:3-49
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    References listed on IDEAS

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    More about this item

    Keywords

    automation; labor; chile; robots; jobs; technology;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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