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New technologies and jobs in Europe

Author

Listed:
  • Stefania Albanesi

    (University of Pittsburgh, NBER and CEPR)

  • António Dias da Silva

    (European Central Bank)

  • Juan F. Jimeno

    (Banco de España, Universidad de Alcalá, CEMFI, CEPR and IZA)

  • Ana Lamo

    (European Central Bank)

  • Alena Wabitsch

    (University of Oxford)

Abstract

We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased in occupations more exposed to AI. This is particularly the case for occupations with a relatively higher proportion of younger and skilled workers. This evidence is in line with the Skill-Biased Technological Change theory. While there is heterogeneity across countries, very few countries show a decline in the employment shares of occupations more exposed to AI-enabled automation. Country heterogeneity for this result appears to be linked to the pace of technology diffusion and education, but also to the level of product market regulation (competition) and employment protection laws. In contrast to the findings for employment, we find little evidence for any correlation between wages and potential exposures to new technologies.

Suggested Citation

  • Stefania Albanesi & António Dias da Silva & Juan F. Jimeno & Ana Lamo & Alena Wabitsch, 2023. "New technologies and jobs in Europe," Working Papers 2322, Banco de España.
    • Handle: RePEc:bde:wpaper:2322
    DOI: https://doi.org/10.53479/33414
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    References listed on IDEAS

    as
    1. Edward W. Felten & Manav Raj & Robert Seamans, 2018. "A Method to Link Advances in Artificial Intelligence to Occupational Abilities," AEA Papers and Proceedings, American Economic Association, vol. 108, pages 54-57, May.
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    Cited by:

    1. José Ignacio Conde-Ruiz & Juan José Ganuza & Manu García & Carlos Victoria, "undated". "La Demanda de Educación Superior ante el Cambio Tecnológico y la Inteligencia Artificial," Studies on the Spanish Economy eee2024-09, FEDEA.

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    More about this item

    Keywords

    artificial intelligence; employment; skills; occupations;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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