Impact of Technological Change on Employment and Wages in the EU

Thesis title: Impact of Technological Change on Employment and Wages in the EU
Author: Ahmadov, Vugar
Thesis type: Bachelor thesis
Supervisor: Špecián, Petr
Opponents: Prokop, Jaromír
Thesis language: English
Abstract:
This thesis examines the impact of technological advancements on employment and wages in European Union. In order to examine this relation the date set for period over 1990-2010 of 10 European Member states were used. The data represented statistical information for Austria, Germany, France , Finland, Spain, Denmark, Netherlands, Ireland , Italy and the United Kingdom. With the help of regression it was concluded there is significant relation of employment and wages with technological advancements. I use the R&D expenditures share of GDP as main proxy for technological advancements, unemployment rate and average wage for dependent variable. Using the Fixed Effects estimator, I found that there is negative relation between R&D expenditures and Unemployment rate. Similarly, I found that there is negative relation between R&D expenditures and Average Wages. Thus , I discuss possible explanation for this paradox.
Keywords: Job and Wage polarization; Compensation mechanism; Technological Advancements
Thesis title: Impact of Technological Change on Employment and Wages in the EU
Author: Ahmadov, Vugar
Thesis type: Bakalářská práce
Supervisor: Špecián, Petr
Opponents: Prokop, Jaromír
Thesis language: English
Abstract:
This thesis examines the impact of technological advancements on employment and wages in European Union. In order to examine this relation the date set for period over 1990-2010 of 10 European Member states were used. The data represented statistical information for Austria, Germany, France , Finland, Spain, Denmark, Netherlands, Ireland , Italy and the United Kingdom. With the help of regression it was concluded there is significant relation of employment and wages with technological advancements. I use the R&D expenditures share of GDP as main proxy for technological advancements, unemployment rate and average wage for dependent variable. Using the Fixed Effects estimator, I found that there is negative relation between R&D expenditures and Unemployment rate. Similarly, I found that there is negative relation between R&D expenditures and Average Wages. Thus , I discuss possible explanation for this paradox.
Keywords: Technological Advancements; Compensation mechanism; Job and Wage polarization

Information about study

Study programme: Ekonomie a hospodářská správa/Economics
Type of study programme: Bakalářský studijní program
Assigned degree: Bc.
Institutions assigning academic degree: Vysoká škola ekonomická v Praze
Faculty: Faculty of Economics
Department: Department of Economics

Information on submission and defense

Date of assignment: 11. 3. 2015
Date of submission: 1. 5. 2015
Date of defense: 10. 9. 2015
Identifier in the InSIS system: https://insis.vse.cz/zp/52102/podrobnosti

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