TY - JOUR
T1 - THE INNOVATION-EMPLOYMENT NEXUS: A CRITICAL SURVEY OF THEORY AND EMPIRICS
AU - Virgillito, Maria Enrica
AU - Calvino, Flavio
PY - 2018
Y1 - 2018
N2 - Understanding whether technical change is beneficial or detrimental for employment is at the center of the policy debate, especially in phases of economic recession. So far, the effects of innovation â in its manifold declinations and intrinsic complexity â on labor demand have proven to be not unequivocal. This essay critically reviews the role of technical change in shaping employment dynamics at different levels of aggregation. First, it disentangles theoretically the role of different compensation mechanisms through which employment adjusts after an innovation is introduced. Second, it critically presents the most recent empirical evidence on the topic, with a focus on methods and limitations. Finally, it provides an attempt to conceptualize a number of stylized facts and empirical regularities on the innovation-employment nexus.
AB - Understanding whether technical change is beneficial or detrimental for employment is at the center of the policy debate, especially in phases of economic recession. So far, the effects of innovation â in its manifold declinations and intrinsic complexity â on labor demand have proven to be not unequivocal. This essay critically reviews the role of technical change in shaping employment dynamics at different levels of aggregation. First, it disentangles theoretically the role of different compensation mechanisms through which employment adjusts after an innovation is introduced. Second, it critically presents the most recent empirical evidence on the topic, with a focus on methods and limitations. Finally, it provides an attempt to conceptualize a number of stylized facts and empirical regularities on the innovation-employment nexus.
KW - Compensation mechanisms
KW - Economics and Econometrics
KW - Innovation
KW - Technological unemployment
KW - Compensation mechanisms
KW - Economics and Econometrics
KW - Innovation
KW - Technological unemployment
UR - http://hdl.handle.net/10807/114509
UR - http://www.blackwellpublishers.co.uk/journals/joes/descript.htm
U2 - 10.1111/joes.12190
DO - 10.1111/joes.12190
M3 - Article
VL - 32
SP - 83
EP - 117
JO - Journal of Economic Surveys
JF - Journal of Economic Surveys
SN - 0950-0804
ER -