2023/23 | LEM Working Paper Series | ||||||||||||||||
Innovation and the Labor Market: Theory, Evidence and Challenges |
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Nicoletta Corrocher, Daniele Moschella, Jacopo Staccioli and Marco Vivarelli |
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Keywords | |||||||||||||||||
Innovation; Technological Change; Skills; Wages; Technological Unemployment.
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JEL Classifications | |||||||||||||||||
O33
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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.
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