Innovation and the labor market: Theory, evidence and challenges

Nicoletta Corrocher, Daniele Moschella, J. Staccioli, Marco Vivarelli

Research output: Working paper / PreprintWorking paper

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Abstract

This paper deals with the complex relationship between innovation and the labor market, analyzing the impact of new technological advancements on overall employment, skills and wages. After a critical review of the extant literature and the available empirical studies, novel evidence is presented on the distribution of labor-saving automation (namely robotics and AI), based on natural language processing of US patents. This mapping shows that both upstream high-tech providers and downstream users of new technologies—such as Boeing and Amazon—lead the underlying innovative effort.
Original languageEnglish
PublisherUNU-MERIT
Publication statusPublished - 31 May 2023
Externally publishedYes

Publication series

SeriesUNU-MERIT Working Papers
Number021
ISSN1871-9872

JEL classifications

  • o33 - "Technological Change: Choices and Consequences; Diffusion Processes"

Keywords

  • Innovation
  • Technological Change
  • Skills
  • Wages
  • Technological unemployment

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