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
Hauptverfasser: Cserháti, Ilona, Pirisi, Károly
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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.
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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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