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Abstract:

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CentrePiece Article
When machines replace people: individual consequences of occupational decline
Per-Anders Edin, Tiernan Evans, Georg Graetz, Sofia Hernnäs and Guy Michaels November 2019
Paper No' CEPCP561:
Full Paper (pdf)

CentrePiece 24 (3) Autumn 2019


JEL Classification: O33; J24; J62


Tags: technological change; occupations; inequality

What happens to people's careers when demand for their occupations declines, often as a result of technological change? Guy Michaels and colleagues' analysis of detailed occupational data on Swedish workers over several decades indicates that while average losses in earnings and employment are relatively moderate, low-earners lose significantly more.

This article summarises 'Individual Consequences of Occupational Decline' by Per-Anders Edin, Tiernan Evans, Georg Graetz, Sofia Hernnäs and Guy Michaels, CEP Discussion Paper No. 1629