Industry 4.0 – The Future of Austrian Jobs

31 Pages Posted: 10 Oct 2019

See all articles by Daniel Michlits

Daniel Michlits

affiliation not provided to SSRN

Bernhard Mahlberg

Vienna University of Economics and Business - Institute for Production Management; Institute for Industrial Research

Peter R. Haiss

WU Vienna University of Economics and Business; UniCredit Bank Austria; IES Vienna - Institute for the International Education of Students

Date Written: September 30, 2019

Abstract

What are the socio-economic effects of the widespread introduction of robots, algorithms and digital technologies like artificial intelligence and machine learning? Following Frey & Osborne (2014, 2017), we apply the computerization probabilities to occupations in Austria. We conclude that about 40% of the Austrian workforce is active in occupations that are very likely to undergo substantial changes regarding task structure, skill requirement and working environment in the future. We also provide evidence of a relationship between gender and computerization risk in Austria, as women seem more likely to be affected by technological changes. Following EBRD (2018), we see a broader move towards job polarization. We see this as distributive consequences of technological change and argue that the consequences of technology refashioning socio-economic development are influencing market processes, actors and inequalities.

Keywords: Computerization, Technological Change, Labor Demand, Skill Demand

JEL Classification: J21, J23, J24, J62, O33

Suggested Citation

Michlits, Daniel and Mahlberg, Bernhard and Haiss, Peter R., Industry 4.0 – The Future of Austrian Jobs (September 30, 2019). Available at SSRN: https://ssrn.com/abstract=3461525 or http://dx.doi.org/10.2139/ssrn.3461525

Daniel Michlits

affiliation not provided to SSRN

Bernhard Mahlberg (Contact Author)

Vienna University of Economics and Business - Institute for Production Management ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

HOME PAGE: http://https://www.wu.ac.at/en/prodmanengl/

Institute for Industrial Research ( email )

Mittersteig 10/4
Vienna, 1050
Austria

HOME PAGE: http://https://iwi.ac.at/

Peter R. Haiss

WU Vienna University of Economics and Business ( email )

Institute for Production Management
Welthandelsplatz 1
Vienna, A-1020
Austria
++43-660 4848254 (Phone)
++43-50505 8944214 (Fax)

UniCredit Bank Austria ( email )

Rothschildplatz 1
Vienna, A-1020
Austria
++43-(0)50505 44214 (Phone)
++43-(0)50505 89 44214 (Fax)

HOME PAGE: http://www.bankaustria.com

IES Vienna - Institute for the International Education of Students

Johannesgasse 7
Vienna, A-1010
Austria

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