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Innovation and the Labor Market: Theory, Evidence and Challenges

Author

Listed:
  • Corrocher, Nicoletta

    (Bocconi University)

  • Moschella, Daniele

    (Sant'Anna School of Advanced Studies)

  • Staccioli, Jacopo

    (Università Cattolica del Sacro Cuore)

  • Vivarelli, Marco

    (Università Cattolica del Sacro Cuore)

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.

Suggested Citation

  • Corrocher, Nicoletta & Moschella, Daniele & Staccioli, Jacopo & Vivarelli, Marco, 2023. "Innovation and the Labor Market: Theory, Evidence and Challenges," IZA Discussion Papers 16199, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp16199
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    References listed on IDEAS

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    Cited by:

    1. Dario Guarascio & Alessandro Piccirillo & Jelena Reljic, 2024. "Will robot replace workers? Assessing the impact of robots on employment and wages with meta-analysis," LEM Papers Series 2024/03, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

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    More about this item

    Keywords

    innovation; technological change; skills; wages; technological unemployment;
    All these keywords.

    JEL classification:

    • 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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