Technology and the Future of Work

Author/Editor:

Adrian Peralta-Alva ; Agustin Roitman

Publication Date:

September 28, 2018

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

This paper uses a DSGE model to simulate the impact of technological change on labor markets and income distribution. It finds that technological advances offers prospects for stronger productivity and growth, but brings risks of increased income polarization. This calls for inclusive policies tailored to country-specific circumstances and preferences, such as investment in human capital to facilitate retooling of low-skilled workers so that they can partake in the gains of technological change, and redistributive policies (such as differentiated income tax cuts) to help reallocate gains. Policies are also needed to facilitate the process of adjustment.

Series:

Working Paper No. 18/207

Subject:

English

Publication Date:

September 28, 2018

ISBN/ISSN:

9781484374979/1018-5941

Stock No:

WPIEA2018207

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

28

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