Industry 4.0 and some social consequences: Impact assessment by microsimulation for Hungary
The expected future impact of the fourth industrial revolution is a hotly debated issue in the literature. The majority of papers focus on quantifying the expected impacts on labour demand, or on a specific country, or on huge macro-regions – and the estimates differ widely. Our paper focuses on the...
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Veröffentlicht in: | Society and economy 2020-06, Vol.42 (2), p.105-123 |
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description | The expected future impact of the fourth industrial revolution is a hotly debated issue in the literature. The majority of papers focus on quantifying the expected impacts on labour demand, or on a specific country, or on huge macro-regions – and the estimates differ widely. Our paper focuses on the impact assessment of Industry 4.0 on the expected structure of employment, wages and inequalities in Hungary. We built a static microsimulation model for our analysis, where the “EU Survey of Income and Living Conditions Hungary 2017” dataset was used as a starting point. Projections by the European Centre for the Development of Vocational Training (CEDEFOP) were used for policy simulations on future employment by sector and by occupational group for each European Union (EU) member state. The analysis also elaborates our own augmented vision about the expected labour demand changes and expected wage trends. Based on this information, the spill-over effects were calculated regarding wage structure and inequalities by sector, region and the highest educational attainment. |
doi_str_mv | 10.1556/204.2020.00010 |
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subjects | Analysis Automation Datasets Decision making Economic policy Educational attainment Employment Forecasts and trends Human Resources in Economy Income distribution Industry 4.0 Inequality Labor market Labor supply National Economy Occupational training Social aspects Society Socio-Economic Research Surveys Trends Wages & salaries |
title | Industry 4.0 and some social consequences: Impact assessment by microsimulation for Hungary |
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