Routinization and Covid-19: a comparison between United States and Portugal
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/111665 |
Resumo: | Earnings inequality has been increasing in Portugal and United States in the last 30years and with the recent pandemic outbreak this trend is likely to reach even higher levels. The purpose of this paper is to identify what is the role of automatization in increasing wage inequality, making a comparison between the two countries. Using PSID and Quadros de Pessoal, we find that labor income dynamics are strongly determined by the variance of the individual fixed component. This effect is drastically reduced by adding information on workers’ occupational tasks, confirming that decreasing price of capital and the consequent replacement of routine manual worker shave deepened wage inequality. During the current crisis, we find that the ability to keep working is strongly related with the occupation type. As such, we simulate the impact of a permanent demand shock using an overlapping-generations model with incomplete markets and heterogeneous agents to quantitatively predict the impact ofCovid-19 and lockdown measures on wage premium and earnings inequality. We find that wage premia and earnings dispersion increase, suggesting that earnings inequality will increase at the expenses of manual workers. |
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Routinization and Covid-19: a comparison between United States and PortugalRoutinizationWage inequalityLabor income processCovid-19Telework-ing.Domínio/Área Científica::Ciências Sociais::Economia e GestãoEarnings inequality has been increasing in Portugal and United States in the last 30years and with the recent pandemic outbreak this trend is likely to reach even higher levels. The purpose of this paper is to identify what is the role of automatization in increasing wage inequality, making a comparison between the two countries. Using PSID and Quadros de Pessoal, we find that labor income dynamics are strongly determined by the variance of the individual fixed component. This effect is drastically reduced by adding information on workers’ occupational tasks, confirming that decreasing price of capital and the consequent replacement of routine manual worker shave deepened wage inequality. During the current crisis, we find that the ability to keep working is strongly related with the occupation type. As such, we simulate the impact of a permanent demand shock using an overlapping-generations model with incomplete markets and heterogeneous agents to quantitatively predict the impact ofCovid-19 and lockdown measures on wage premium and earnings inequality. We find that wage premia and earnings dispersion increase, suggesting that earnings inequality will increase at the expenses of manual workers.Brinca, PedroRUNDominicis, Piero De2021-02-11T11:31:12Z2020-06-052020-06-182020-06-05T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/111665TID:202609499enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:55:33Zoai:run.unl.pt:10362/111665Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:41:58.477170Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Routinization and Covid-19: a comparison between United States and Portugal |
title |
Routinization and Covid-19: a comparison between United States and Portugal |
spellingShingle |
Routinization and Covid-19: a comparison between United States and Portugal Dominicis, Piero De Routinization Wage inequality Labor income process Covid-19 Telework-ing. Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Routinization and Covid-19: a comparison between United States and Portugal |
title_full |
Routinization and Covid-19: a comparison between United States and Portugal |
title_fullStr |
Routinization and Covid-19: a comparison between United States and Portugal |
title_full_unstemmed |
Routinization and Covid-19: a comparison between United States and Portugal |
title_sort |
Routinization and Covid-19: a comparison between United States and Portugal |
author |
Dominicis, Piero De |
author_facet |
Dominicis, Piero De |
author_role |
author |
dc.contributor.none.fl_str_mv |
Brinca, Pedro RUN |
dc.contributor.author.fl_str_mv |
Dominicis, Piero De |
dc.subject.por.fl_str_mv |
Routinization Wage inequality Labor income process Covid-19 Telework-ing. Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Routinization Wage inequality Labor income process Covid-19 Telework-ing. Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Earnings inequality has been increasing in Portugal and United States in the last 30years and with the recent pandemic outbreak this trend is likely to reach even higher levels. The purpose of this paper is to identify what is the role of automatization in increasing wage inequality, making a comparison between the two countries. Using PSID and Quadros de Pessoal, we find that labor income dynamics are strongly determined by the variance of the individual fixed component. This effect is drastically reduced by adding information on workers’ occupational tasks, confirming that decreasing price of capital and the consequent replacement of routine manual worker shave deepened wage inequality. During the current crisis, we find that the ability to keep working is strongly related with the occupation type. As such, we simulate the impact of a permanent demand shock using an overlapping-generations model with incomplete markets and heterogeneous agents to quantitatively predict the impact ofCovid-19 and lockdown measures on wage premium and earnings inequality. We find that wage premia and earnings dispersion increase, suggesting that earnings inequality will increase at the expenses of manual workers. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-06-05 2020-06-18 2020-06-05T00:00:00Z 2021-02-11T11:31:12Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/111665 TID:202609499 |
url |
http://hdl.handle.net/10362/111665 |
identifier_str_mv |
TID:202609499 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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