The Distribution of Employment Risks in the Digital Era:An Institutionalism Perspective
Drawing on the perspective of institutionalism in the risk society,this paper evaluates employment risks from the dimensions of unemployment risk and income risk and constructs a theoretical model of the distribution of employment risks in the digital era to conduct empirical research.The study reveals two pathways by which the digital age affects employment risks.First,the digital technology system contributes to the transformation of unemployment risk to income risk by creating employment and expanding market competition.Second,in the institutional system pathway,human capital,political capital,and social capital-representing the market mechanism,the institutional mechanism,and the guanxi mechanism respectively-have distinct distributional effects on employment risks.All three reduce the unemployment risk;political and social capital reduce income risk,while human capital increases income risk.Furthermore,the study finds that the digital technology reconstructs the role of the institutional system pathways.As the digital economy grows,the influence of the institutional system of risk distribution diminishes,resulting in the convergence of unemployment risk and the increasing differentiation of income risk.