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The Fourth Industrial Revolution, Technological Innovation and Firm Wages: Firm-level Evidence from OECD Economies

Author

Listed:
  • Liu Shi
  • Shaomeng Li
  • Xiaolan Fu

Abstract

This paper investigates the impact of technological innovation associated with the Fourth Industrial Revolution (4IR) on firm wage levels using longitudinal firm-patent data for 27 OECD countries. The study finds that 4IR technological innovations raise firm wage levels, and this wage-boosting effect is stronger than that generated by non-4IR innovations. We also find evidence that the wage-boosting effect only appears amongst firms in high technology sectors and firms innovating in core technologies. JEL classification: O31, O33.

Suggested Citation

  • Liu Shi & Shaomeng Li & Xiaolan Fu, 2020. "The Fourth Industrial Revolution, Technological Innovation and Firm Wages: Firm-level Evidence from OECD Economies," Revue d'économie industrielle, De Boeck Université, vol. 0(1), pages 89-125.
    • Handle: RePEc:cai:reidbu:rei_169_0089
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    Citations

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    Cited by:

    1. Paramjit Singh Jamir Singh & Ayodeji Emmanuel Oke & Ahmed Farouk Kineber & Oludolapo Ibrahim Olanrewaju & Olayinka Omole & Mohamad Shaharudin Samsurijan & Rosfaraliza Azura Ramli, 2023. "A Mathematical Analysis of 4IR Innovation Barriers in Developmental Social Work—A Structural Equation Modeling Approach," Mathematics, MDPI, vol. 11(4), pages 1-20, February.
    2. Yolova, Galina & Andreeva, Andriyana & Blagoycheva, Hristina & Dimitrova, Darina & Nedyalkova, Plamena & Bogdanov, Hristosko, 2022. "Правни И Икономически Аспекти На Държавния Контрол За Спазване На Трудовото Законодателство [Legal and economic aspects of state control over compliance with labour legislation]," MPRA Paper 115533, University Library of Munich, Germany.

    More about this item

    Keywords

    innovation; employment; patents; Fourth Industrial Revolution;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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