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  • In this paper, we study the asymmetric effects of different types of capital-embodied technological change, as proxied by tangible and intangible assets, on relative wages (high- to medium-skilled, high- to low-skilled and medium- to low-skilled workers), relying upon the technology-skill complementarity and polarization of the labor force frameworks. We also consider two additional major channels that contribute to shaping wage differentials: globalization (in terms of trade openness and global value chains participation) and labor market institutions. The empirical analysis is carried out using a panel dataset comprising 17 mostly advanced European economies and 5 industries, with annual observations spanning the period 2008-2017. Our findings suggest that software and databases - as a proxy for intangible technologies - exert downward pressure on low-skilled wages, while robotics is associated with a polarization of the wage distribution at the expense of middle-skilled labor. Additionally, less-skilled workers' relative wages are negatively affected by trade openness and global value chain participation, but positively influenced by sector-specific labor market regulations. (xsd:string)
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  • EU-LFS-Bibliography (xsd:string)
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  • 2024 (xsd:gyear)
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  • 2024 (xsd:gyear)
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  • 10.1007/s00181-024-02587-y ()
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  • 1375 (xsd:string)
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  • english (xsd:string)
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  • 1435-8921 ()
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  • Unraveling wage inequality: tangible and intangible assets, globalization and labor market regulations (xsd:string)
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  • article (xsd:string)
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  • Bibsonomy (xsd:string)
  • In Empirical Economics, 67, 1375-1420, 2024 (xsd:string)
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  • European Union Labour Force Survey (EU-LFS) (xsd:string)
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  • 2024 (xsd:string)
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  • 1420 (xsd:string)
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  • 67 (xsd:string)