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 artificial intelligence (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.
Corrocher, N., Moschella, D., Staccioli, J., Vivarelli, M., Innovation and the labor market: theory, evidence, and challenges, <<INDUSTRIAL AND CORPORATE CHANGE>>, 2024; 33 (3): 519-540. [doi:10.1093/icc/dtad066] [https://hdl.handle.net/10807/292956]
Innovation and the labor market: theory, evidence, and challenges
Staccioli, Jacopo;Vivarelli, Marco
2024
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 artificial intelligence (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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