TY - GEN
T1 - Empowerment or substitution? Entry of Platform-based Sharing Economy on the Local Labor Markets
AU - Li, Ziru
AU - Hong, Yili
AU - Zhang, Zhongju
N1 - Publisher Copyright:
© International Conference on Information Systems 2018, ICIS 2018.All rights reserved.
PY - 2018
Y1 - 2018
N2 - Digitalization has significantly changed the way individuals work for a couple of decades. The emergence and expansion of sharing economy enabled by information technology have fundamentally changed the traditional business models. In this paper, we examine the impacts of the sharing economy platforms (specifically, Uber) on 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 method to investigate whether the above measures before and after Uber entry are significantly different across the metropolitan areas. Our empirical findings reveal that the ridesharing platform Uber increases the labor force participation, and decreases the unemployment rate of people below poverty level. In addition, we also find evidence of a shift in the supply of labors from low-skill jobs in conventional industries to the sharing economy sector. To further access the robustness of the results, we perform additional analyses include the use of alternative measures, the relative time model and the placebo test.
AB - Digitalization has significantly changed the way individuals work for a couple of decades. The emergence and expansion of sharing economy enabled by information technology have fundamentally changed the traditional business models. In this paper, we examine the impacts of the sharing economy platforms (specifically, Uber) on 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 method to investigate whether the above measures before and after Uber entry are significantly different across the metropolitan areas. Our empirical findings reveal that the ridesharing platform Uber increases the labor force participation, and decreases the unemployment rate of people below poverty level. In addition, we also find evidence of a shift in the supply of labors from low-skill jobs in conventional industries to the sharing economy sector. To further access the robustness of the results, we perform additional analyses include the use of alternative measures, the relative time model and the placebo test.
KW - Digital platforms
KW - Labor market
KW - Labor participation
KW - Sharing economy
KW - Uber
KW - Unemployment rate
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M3 - Conference contribution
AN - SCOPUS:85062510301
T3 - International Conference on Information Systems 2018, ICIS 2018
BT - International Conference on Information Systems 2018, ICIS 2018
PB - Association for Information Systems
T2 - 39th International Conference on Information Systems, ICIS 2018
Y2 - 13 December 2018 through 16 December 2018
ER -