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The Big Trade-Off in the World of Labor

Author

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  • Zimmermann, Klaus F.

    (University of Bonn)

Abstract

The world is changing rapidly. This paper describes key shifts and it discusses their likely impacts on employment-related aspects. Labor market pressures are felt around the globe, and robots and automation increasingly become reality. However, there will be no "end of work". Rather, it is that work will take on different forms. Important innovations are required nonetheless to carefully and smartly balance the positives and negatives of the changing workforce and workplace. But societies have already shown their ability to cope with great changes in the past.

Suggested Citation

  • Zimmermann, Klaus F., 2015. "The Big Trade-Off in the World of Labor," IZA Policy Papers 100, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izapps:pp100
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    File URL: https://docs.iza.org/pp100.pdf
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    References listed on IDEAS

    as
    1. Frey, Carl Benedikt & Osborne, Michael A., 2017. "The future of employment: How susceptible are jobs to computerisation?," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 254-280.
    2. Georg Graetz & Guy Michaels, 2018. "Robots at Work," The Review of Economics and Statistics, MIT Press, vol. 100(5), pages 753-768, December.
    3. Xin Meng, 2012. "Labor Market Outcomes and Reforms in China," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 75-102, Fall.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    flexibility; informality; demographic change; technological change; productivity; automation; robots;
    All these keywords.

    JEL classification:

    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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