Template-Type: ReDIF-Paper 1.0 Author-Name: Nicoletta Corrocher Author-X-Name-First: Nicoletta Author-X-Name-Last: Corrocher Author-Email: nicoletta.corrocher@unibocconi.it Author-Workplace-Name: ICRIOS, Università Bocconi, Milano, Italy Author-Name: Daniele Moschella Author-X-Name-First: Daniele Author-X-Name-Last: Moschella Author-Email: daniele.moschella@santannapisa.it Author-Workplace-Name: Institute of Economics, Scuola Superiore Sant’Anna, Pisa, Italy Author-Name: Jacopo Staccioli Author-X-Name-First: Jacopo Author-X-Name-Last: Staccioli Author-Email: jacopo.staccioli@unicatt.it Author-Workplace-Name: Dipartimento di Politica Economica, DISCE, Università Cattolica del Sacro Cuore, Milano, Italy – Institute of Economics, Scuola Superiore Sant’Anna, Pisa, Italy Author-Name: Marco Vivarelli Author-X-Name-First: Marco Author-X-Name-Last: Vivarelli Author-Email: marco.vivarelli@unicatt.it Author-Workplace-Name: Dipartimento di Politica Economica, DISCE, Università Cattolica del Sacro Cuore, Milano, Italy – UNU-MERIT, Maastricht, The Netherlands – IZA, Bonn, Germany Title: Innovation and the Labor Market: Theory, Evidence and Challenges 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. Length: 37 Creation-Date: 2023-06 File-URL: http://dipartimenti.unicatt.it/politica-economica-DIPE0033.pdf File-Format: Application/pdf File-Function: First version, 2023 Number: dipe0033 Classification-JEL: O33 Keywords: Innovation, Technological Change, Skills, Wages, Technological Unemployment Handle: RePEc:ctc:serie5:dipe0033