Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)

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The Effect of Changes in Labor Demand and Entrepreneurship on Income Inequality under Innovations

Authors
Yichen Sun1, *
1University of California, San Diego, 9500 Gilman Dr, La Jolla, CA 92093, U.S.
*Corresponding author. Email: y4sun@ucsd.edu
Corresponding Author
Yichen Sun
Available Online 1 July 2022.
DOI
10.2991/aebmr.k.220603.201How to use a DOI?
Keywords
innovation; labor demand; entrepreneurship; income inequality
Abstract

The highly skilled-biased technological changes brought by innovation have changed the employment market greatly. This paper presents the impact of changes in labor demand and entrepreneurship on income inequality under innovation in the form of literature overviews and finds out that innovation is positively correlated with the income inequality from two points of view, labor demand and entrepreneurship. Firstly, innovations can change the demand for high skilled and low skilled labor and thereby change the skill premia and wage structure, which would influence the income inequality. Secondly, the rising entrepreneurship allows entrepreneurs to accumulate more wealth due to higher financial returns from innovations as well as higher incentive to save more money. Different from traditional papers which analyze the relationship between innovation and income inequality from one single aspect, this review paper intends to show both the effect of labor demand and entrepreneurship on the income inequality from the perspective of innovations through summarizing the related existing theoretical and empirical research studies. The study also points out the research gaps in the current studies and future research directions about the effect of innovations on the income inequality.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
1 July 2022
ISBN
978-94-6239-585-5
ISSN
2352-5428
DOI
10.2991/aebmr.k.220603.201How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Yichen Sun
PY  - 2022
DA  - 2022/07/01
TI  - The Effect of Changes in Labor Demand and Entrepreneurship on Income Inequality under Innovations
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 1239
EP  - 1243
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.201
DO  - 10.2991/aebmr.k.220603.201
ID  - Sun2022
ER  -