IDEAS home Printed from https://ideas.repec.org/a/vrs/hjobpa/v13y2022i2p25-40n7.html
   My bibliography  Save this article

Human Capital In The Digital Society. Some Empirical Evidence For The Eu Countries

Author

Listed:
  • Iordan Marioara

    (Institute for Economic Forecasting, “Costin C. Kirițescu” NIER, Romanian Academy, Romania)

  • Pelinescu Elena

    (Institute for Economic Forecasting, “Costin C. Kirițescu” NIER, Romanian Academy, Romania)

  • Chilian Mihaela-Nona

    (Institute for Economic Forecasting, “Costin C. Kirițescu” NIER, Romanian Academy, Romania)

Abstract

Development and innovation in the digital technologies impact the whole society, communications, finances, trade, education and health services, business patterns and the entire value-added channel. The increase in the speed of digitization and its expansion within businesses leads to significant changes, both regarding the human capital and the way work and place of work are organized, with high impacts on skills, labor standards, human welfare and sustainable development of countries. Digitization involves changes not only in the human capital, but in the organizational one as well, so that for each euro invested in physical capital (hardware) some additional 10 euros have to be invested in intangible activities, especially in the human and organizational capital (Brynjolfsson and McAfee, 2014). The paper aims to analyse the impacts of digitization on human capital in the EU economies, also considering the impact of the COVID-19 pandemic that has speeded up the digitization process in the EU countries. Both the useful aspects and the challenges determined by the new requirements regarding the skills necessary to human capital are emphasized, as well as the efforts included in the EU programs dedicated to such issues, considering that 42% of the European citizens do not possess basic digital skills and 37% of labor force does not possess adequate digital skills. Finally, some econometric aspects regarding the relationship between welfare and population’s digital skills are revealed, as well as conclusions on further research and directions for action.

Suggested Citation

  • Iordan Marioara & Pelinescu Elena & Chilian Mihaela-Nona, 2022. "Human Capital In The Digital Society. Some Empirical Evidence For The Eu Countries," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 13(2), pages 25-40, December.
    • Handle: RePEc:vrs:hjobpa:v:13:y:2022:i:2:p:25-40:n:7
    DOI: 10.2478/hjbpa-2022-0013
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/hjbpa-2022-0013
    Download Restriction: no
    File URL: https://libkey.io/10.2478/hjbpa-2022-0013?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Beck, Nathaniel & Katz, Jonathan N., 1995. "What To Do (and Not to Do) with Time-Series Cross-Section Data," American Political Science Review, Cambridge University Press, vol. 89(3), pages 634-647, September.
    2. Valeria Cirillo & José Molero Zayas, 2019. "Digitalizing industry? Labor, technology and work organization: an introduction to the Forum," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 46(3), pages 313-321, September.
    3. Daron Acemoglu & Pascual Restrepo, 2020. "Robots and Jobs: Evidence from US Labor Markets," Journal of Political Economy, University of Chicago Press, vol. 128(6), pages 2188-2244.
    4. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    5. Balsmeier, Benjamin & Woerter, Martin, 2019. "Is this time different? How digitalization influences job creation and destruction," Research Policy, Elsevier, vol. 48(8), pages 1-1.
    6. Daron Acemoglu & Pascual Restrepo, 2017. "Robots and Jobs: Evidence from US Labor Markets," Boston University - Department of Economics - Working Papers Series dp-297, Boston University - Department of Economics.
    7. Aleksy Kwilinski & Oleksandr Vyshnevskyi & Henryk Dzwigol, 2020. "Digitalization of the EU Economies and People at Risk of Poverty or Social Exclusion," JRFM, MDPI, vol. 13(7), pages 1-14, July.
    8. Raéf Bahrini & Alaa A. Qaffas, 2019. "Impact of Information and Communication Technology on Economic Growth: Evidence from Developing Countries," Economies, MDPI, vol. 7(1), pages 1-13, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pierre Barral & Mehdi Senouci, 2018. "Walking on two legs: Growth accounting with labor-saving and capital-saving technical change," Working Papers hal-01709599, HAL.
    2. Dosi, G. & Piva, M. & Virgillito, M.E. & Vivarelli, M., 2021. "Embodied and disembodied technological change: The sectoral patterns of job-creation and job-destruction," Research Policy, Elsevier, vol. 50(4).
    3. Pierre Barral & Mehdi Senouci, 2018. "Walking on two legs: Growth accounting with labor-saving and capital-saving technical change," Post-Print hal-01709599, HAL.
    4. Ndubuisi, Gideon & Otioma, Chuks & Tetteh, Godsway Korku, 2021. "Digital infrastructure and employment in services: Evidence from Sub-Saharan African countries," Telecommunications Policy, Elsevier, vol. 45(8).
    5. Mary O’Mahony & Michela Vecchi & Francesco Venturini, 2021. "Capital Heterogeneity and the Decline of the Labour Share," Economica, London School of Economics and Political Science, vol. 88(350), pages 271-296, April.
    6. Cirillo, Valeria & Evangelista, Rinaldo & Guarascio, Dario & Sostero, Matteo, 2021. "Digitalization, routineness and employment: An exploration on Italian task-based data," Research Policy, Elsevier, vol. 50(7).
    7. Awad, Atif & Albaity, Mohamed, 2022. "ICT and economic growth in Sub-Saharan Africa: Transmission channels and effects," Telecommunications Policy, Elsevier, vol. 46(8).
    8. Björn Döhring & Atanas Hristov & Christoph Maier & Werner Roeger & Anna Thum-Thysen, 2021. "COVID-19 acceleration in digitalisation, aggregate productivity growth and the functional income distribution," International Economics and Economic Policy, Springer, vol. 18(3), pages 571-604, July.
    9. Elena PELINESCU & Marioara IORDAN & Mihaela-Nona CHILIAN, 2021. "Digitization and Population Welfare in the New EU Member States," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 59-75, December.
    10. (Maggie) Fu, Xiaoqing & Bao, Qun & Xie, Hongjun & Fu, Xiaolan, 2021. "Diffusion of industrial robotics and inclusive growth: Labour market evidence from cross country data," Journal of Business Research, Elsevier, vol. 122(C), pages 670-684.
    11. Uwe JIRJAHN & Stephen C. SMITH, 2018. "Nonunion Employee Representation: Theory And The German Experience With Mandated Works Councils," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(1), pages 201-233, March.
    12. Ufuk Akcigit & Sina T. Ates, 2023. "What Happened to US Business Dynamism?," Journal of Political Economy, University of Chicago Press, vol. 131(8), pages 2059-2124.
    13. Lütkenhorst, Wilfried, 2018. "Creating wealth without labour? Emerging contours of a new techno-economic landscape," IDOS Discussion Papers 11/2018, German Institute of Development and Sustainability (IDOS).
    14. Joshua Greenstein, 2020. "The Precariat Class Structure and Income Inequality among US Workers: 1980–2018," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(3), pages 447-469, September.
    15. Lucas Bretschger, 2003. "Growth in a Globalised Economy: The Effects of Capital Taxes and Tax Competition," CER-ETH Economics working paper series 03/24, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    16. Alain Cohn & Tobias Gesche & Michel André Maréchal, 2022. "Honesty in the Digital Age," Management Science, INFORMS, vol. 68(2), pages 827-845, February.
    17. Dario Cords & Klaus Prettner, 2022. "Technological unemployment revisited: automation in a search and matching framework [The future of work: meeting the global challenges of demographic change and automation]," Oxford Economic Papers, Oxford University Press, vol. 74(1), pages 115-135.
    18. Colombo, Emilio & Mercorio, Fabio & Mezzanzanica, Mario, 2019. "AI meets labor market: Exploring the link between automation and skills," Information Economics and Policy, Elsevier, vol. 47(C), pages 27-37.
    19. Sonal Pandey, 2021. "Artificial Intelligence and Food Industry," RAIS Conference Proceedings 2021 0058, Research Association for Interdisciplinary Studies.
    20. Alejandro Micco, 2019. "The Impact of Automation in Developed Countries," Working Papers wp480, University of Chile, Department of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:hjobpa:v:13:y:2022:i:2:p:25-40:n:7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.