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Seoul Journal of Economics Volume 35 No.3.jpg
SCOPUS 학술저널

Robotization and Labor Supply in the Context of a Dynamic Monopsony: Novel Evidence from South Korea

Robotization and Labor Supply in the Context of a Dynamic Monopsony: Novel Evidence from South Korea

We estimate the effects of robotization on labor supply in Manufacturing, Services and the whole of the South Korean economy using exponential hazard and a random effects logit methodologies over the period 1999-2019. Our findings suggest that a larger operational stock of industrial robots in manufacturing is associated with manufacturing (non-manufacturing) workers becoming more (less) responsive to a change in wages in their decision to quit to non-employment, whilst the ease with which firms can poach workers is found to be unaffected by robotization.

Ⅰ. Introduction

Ⅱ. Relevant literature

Ⅲ. Empirical investigation

Ⅳ. Results

Ⅴ. Discussion

Ⅵ. Concluding remarks

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