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Technological Progress and Wage Share of Old Workers

Author

Listed:
  • Donghyun Park

    (Asian Development Bank)

  • Kwanho Shin

    (Department of Economics Korea University)

Abstract

Technological progress may be less beneficial for older workers than younger workers. In this paper, we empirically examine the relationship between technological change and the wage share of old workers. More specifically, we look at five different types of technological advancement using data from 30 European and Asian countries at the forefront of global population aging. Our findings indicate that recent technological developments centered on information and communication technology, software, and robots do not adversely affect old workers. One possible explanation is that old workers may be more open to and capable of learning new technologies than widely presumed.

Suggested Citation

  • Donghyun Park & Kwanho Shin, 2024. "Technological Progress and Wage Share of Old Workers," Asian Economic Papers, MIT Press, vol. 23(2), pages 95-118, Summer.
    • Handle: RePEc:tpr:asiaec:v:23:y:2024:i:2:p:95-118
    DOI: 10.1162/asep_a_00895
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