Innovation and the labor market: theory, evidence, and challenges

Nicoletta Corrocher; Daniele Moschella; Jacopo Staccioli; Marco Vivarelli

doi:10.1093/icc/dtad066

Innovation and the labor market: theory, evidence, and challenges

Nicoletta Corrocher
, Daniele Moschella
, Jacopo Staccioli
, Marco Vivarelli^*

^*Corresponding author for this work

UNU-MERIT Research and Training Institute

Research output: Contribution to journal › Article › Academic › peer-review

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 artificial intelligence (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 language	English
Pages (from-to)	519-540
Number of pages	22
Journal	Industrial and Corporate Change
Volume	33
Issue number	3
Early online date	Nov 2023
DOIs	https://doi.org/10.1093/icc/dtad066
Publication status	Published - 1 Jun 2024

JEL classifications

o30 - "Technological Change; Research and Development; Intellectual Property Rights: General"

Keywords

RESEARCH-AND-DEVELOPMENT
EMBODIED TECHNOLOGICAL-CHANGE
FIRM-LEVEL EVIDENCE
STRUCTURAL-CHANGE
EMPLOYMENT
ROBOTS
GROWTH
SKILLS
JOBS
US

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title = "Innovation and the labor market: theory, evidence, and challenges",

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 artificial intelligence (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.",

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author = "Nicoletta Corrocher and Daniele Moschella and Jacopo Staccioli and Marco Vivarelli",

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doi = "10.1093/icc/dtad066",

language = "English",

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AU - Corrocher, Nicoletta

AU - Moschella, Daniele

AU - Staccioli, Jacopo

AU - Vivarelli, Marco

PY - 2024/6/1

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N2 - 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 artificial intelligence (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.

AB - 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 artificial intelligence (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.

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KW - EMBODIED TECHNOLOGICAL-CHANGE

KW - FIRM-LEVEL EVIDENCE

KW - STRUCTURAL-CHANGE

KW - EMPLOYMENT

KW - ROBOTS

KW - GROWTH

KW - SKILLS

KW - JOBS

KW - US

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DO - 10.1093/icc/dtad066

M3 - Article

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VL - 33

SP - 519

EP - 540

JO - Industrial and Corporate Change

JF - Industrial and Corporate Change

IS - 3

ER -

Innovation and the labor market: theory, evidence, and challenges

Abstract

JEL classifications

Keywords

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