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Will robot replace workers? Assessing the impact of robots on employment and wages with meta-analysis

Author

Listed:
  • Dario Guarascio
  • Alessandro Piccirillo
  • Jelena Reljic

Abstract

This study conducts a meta-analysis to assess the effects of robotization on employment and wages, compiling data from 33 studies with 644 estimates on employment and a subset of 19 studies with 195 estimates on wages. We identify a publication bias towards negative outcomes, especially concerning wages. After correcting for this bias, the actual impact appears minimal. Thus, concerns about the disruptive effects of robots on employment and the risk of widespread technological unemployment may be exaggerated or not yet empirically supported. While this does not preclude that robots will be capable of gaining greater disruptive potential in the future or that they are not already disruptive in specific contexts, the evidence to date suggests their aggregate effect is negligible.

Suggested Citation

  • Dario Guarascio & Alessandro Piccirillo & Jelena Reljic, 2024. "Will robot replace workers? Assessing the impact of robots on employment and wages with meta-analysis," CIMEO Working Paper Series 182, Centre for Investigation and Modelling of Experimental Observations (CIMEO).
    • Handle: RePEc:ter:wpaper:00182
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    Keywords

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    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • 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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