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Innovation and the labor market

Nicoletta Corrocher, Daniele Moschella, Jacopo Staccioli and Marco Vivarelli ()

No 2023-021, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

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.

JEL-codes: O33 (search for similar items in EconPapers)
Date: 2023-05-31
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Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2023021

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