Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/174519 
Year of Publication: 
2016
Series/Report no.: 
LEM Working Paper Series No. 2016/10
Publisher: 
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM), Pisa
Abstract: 
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 - in its manifold declinations and intrinsic complexity - on labour 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. Firstly, it disentangles theoretically the role of different compensation mechanisms through which employment adjusts after an innovation is introduced. Secondly, 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.
Subjects: 
Innovation
Technological Unemployment
Compensation Mechanisms
JEL: 
D21
J23
L10
O31
O33
Document Type: 
Working Paper

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