2019/14 | LEM Working Paper Series | ||||||||||||||||
Embodied and disembodied technological change: the sectoral patterns of job-creation and job-destruction |
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Giovanni Dosi, Mariacristina Piva, Maria Enrica Virgillito and Marco Vivarelli |
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Keywords | |||||||||||||||||
Innovation; disembodied and capital-embodied technological change; employment; job-
creation; job-destruction; sectoral interdependencies.
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JEL Classifications | |||||||||||||||||
O14, O31, O33
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Abstract | |||||||||||||||||
This paper addresses, both theoretically and empirically, the sectoral patterns of job creation and job
destruction in order to distinguish the alternative effects of embodied vs disembodied technological
change operating into a vertically connected economy. Disembodied technological change turns out
to positively affect employment dynamics in the “upstream’’ sectors, while expansionary
investment does so in the “downstream’’ industries. Conversely, the replacement of obsolete capital
vintages tends to exert a negative impact on labour demand, although this effect turns out to be
statistically less robust.
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