An empirical analysis of the impacts of the sharing economy platforms on the U.S. Labor market

Ziru Li, Yili Hong, Zhongju Zhang

Research output: Chapter in Book/Report/Conference proceedingConference contribution

5 Scopus citations

Abstract

Each generation of digital innovation has caused a dramatic change in the way people work. Sharing economy is the latest trend of digital innovation, and it has fundamentally changed the traditional business models. In this paper, we empirically examine the impacts of the sharing economy platforms (specifically, Uber) on the labor market in terms of labor force participation, unemployment rate, supply, and wage of low-skilled workers. Combining a data set of Uber entry time and several microdata sets, we utilize a difference-in-differences (DID) method to investigate whether the above measures before and after Uber entry are significantly different across the U.S. metropolitan areas. Our empirical findings show that sharing economy platforms such as Uber significantly decrease the unemployment rate and increase the labor force participation. We also find evidence of a shift in the supply of low skill workers and consequently a higher wage rate for such workers in the traditional industries.

Original languageEnglish (US)
Title of host publicationProceedings of the 51st Annual Hawaii International Conference on System Sciences, HICSS 2018
EditorsTung X. Bui
PublisherIEEE Computer Society
Pages666-674
Number of pages9
ISBN (Electronic)9780998133119
StatePublished - 2018
Event51st Annual Hawaii International Conference on System Sciences, HICSS 2018 - Big Island, United States
Duration: Jan 2 2018Jan 6 2018

Publication series

NameProceedings of the Annual Hawaii International Conference on System Sciences
Volume2018-January
ISSN (Print)1530-1605

Conference

Conference51st Annual Hawaii International Conference on System Sciences, HICSS 2018
Country/TerritoryUnited States
CityBig Island
Period1/2/181/6/18

ASJC Scopus subject areas

  • Engineering(all)

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