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AI Patenting and Employment: Evidence from the World's Top R&D Investors

Alessandro Sterlacchini

No 462, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: This paper considers 42 corporations which are among the biggest world's R&D investors and account for more than two thirds of AI patents worldwide. Their postpatenting performance is examined by focusing on employment changes and by comparing them with the outcomes of 42 similar companies, operating in the same sectors and recording high levels of R&D expenditures as well, but not involved in AI patenting to a significant extent. The main findings are that in Computers & electronics the companies with the highest shares of AI patents have experienced remarkable employment reductions, while IT services companies have recorded high rates of employment growth, only a bit higher if significantly involved in AI patenting. For companies belonging to Automobiles & parts the evidence is not clear cut, although some of those with significant shares of AI patents have documented a marked decrease of employees.

Keywords: Artificial intelligence; Patents; Employment changes; Large corporations. (search for similar items in EconPapers)
JEL-codes: J23 O31 O33 (search for similar items in EconPapers)
Pages: 33
Date: 2022-02
New Economics Papers: this item is included in nep-ipr, nep-lma and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:462

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