Working Paper #2023-021
Innovation and the labor market: Theory, evidence and challenges
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.
- Keywords
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- Innovation
- Technological Change
- Skills
- Wages
- Technological Unemployment
- JEL codes
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- O33
Cite this as
APA 7th ed.Corrocher, N., Moschella, D., Staccioli, J., & Vivarelli, M. (2023). Innovation and the labor market: Theory, evidence and challenges (UNU-MERIT Working Paper No. 2023-021). UNU-MERIT. https://unu-merit.nl/publications/working-papers/abstract/?id=9549