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Technological Innovation and Labor Income Risk

Author

Listed:
  • Leonid Kogan
  • Dimitris Papanikolaou
  • Lawrence D. W. Schmidt
  • Jae Song

Abstract

This paper examines the relationship between technological progress and the riskiness of labor income using employer-employee matched income data from the United States. Results suggest innovation is associated with a substantial increase in the labor income risk, especially for workers at the top of the earnings distribution.

Suggested Citation

  • Leonid Kogan & Dimitris Papanikolaou & Lawrence D. W. Schmidt & Jae Song, 2020. "Technological Innovation and Labor Income Risk," Working Papers, Center for Retirement Research at Boston College 202010, Center for Retirement Research.
    • Handle: RePEc:crr:crrwps:wp2020-10
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    File URL: https://crr.bc.edu/working-papers/technological-innovation-and-labor-income-risk/
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    Citations

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    Cited by:

    1. J. Carter Braxton & Bledi Taska, 2025. "Technological Change and Insuring Job Loss," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 58, October.
    2. Johan Hombert & Adrien Matray, 2019. "Technology Boom, Labor Reallocation, and Human Capital Depreciation," Working Papers 260, Princeton University, Department of Economics, Center for Economic Policy Studies..
    3. Purnomo, Agung, 2022. "Desa Wirausaha sebagai Eskalasi Ekonomi Desa berbasis Kewirausahaan," OSF Preprints np629, Center for Open Science.
    4. Salomé Baslandze & Leo Liu & Elvira Sojli & Wing Wah Tham, 2025. "Foundational Processes and Growth," FRB Atlanta Working Paper 2025-01, Federal Reserve Bank of Atlanta.
    5. Ma, Wenting & Ouimet, Paige & Simintzi, Elena, 2025. "Mergers and acquisitions, technological change, and inequality," Journal of Financial Economics, Elsevier, vol. 172(C).
    6. U.S. Department of Health and Human Services, 2024. "Eliminating Tobacco-Related Disease and Death: Addressing Disparities: A Report of the Surgeon General - Executive Summary," University of California at San Francisco, Center for Tobacco Control Research and Education qt9xt4p8nm, Center for Tobacco Control Research and Education, UC San Francisco.
    7. Haddad, Valentin & Ho, Paul & Loualiche, Erik, 2022. "Bubbles and the value of innovation," Journal of Financial Economics, Elsevier, vol. 145(1), pages 69-84.
    8. Moser, Christian & Saidi, Farzad & Wirth, Benjamin & Wolter, Stefanie, 2020. "Credit Supply, Firms, and Earnings Inequality," MPRA Paper 100371, University Library of Munich, Germany.
    9. Meng, Weilu & Lu, Weijie & Yuan, Gecheng & Zhou, Li, 2025. "Automation and stock market participation," Pacific-Basin Finance Journal, Elsevier, vol. 93(C).
    10. J. Carter Braxton & Kyle Herkenhoff & Jonathan Rothbaum & Lawrence Schmidt, 2025. "Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter," American Economic Review, American Economic Association, vol. 115(12), pages 4438-4475, December.
    11. d'Astous, Philippe & Shore, Stephen H., 2024. "Human capital risk and portfolio choices: Evidence from university admission discontinuities," Journal of Financial Economics, Elsevier, vol. 154(C).
    12. Hombert, Johan & Matray, Adrien, 2019. "Technology Boom, Labor Reallocation, and Human Capital Depreciation," CEPR Discussion Papers 14136, C.E.P.R. Discussion Papers.
    13. Cristina Constantinescu & Arti Grover & Gaurav Nayyar, 2026. "Digitalization, Remote Work and Firm Resilience: Evidence From the COVID‐19 Shock," The World Economy, Wiley Blackwell, vol. 49(1), pages 52-72, January.
    14. Guixian Tian & Muhammad Wasif Zafar & Avik Sinha & Mehmet Akif Destek, 2025. "Does Financial Inclusion Enhance Energy Efficiency?? Moderating Roles of Education and Foreign Direct Investment," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 180(2), pages 1041-1065, November.

    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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