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Title page 1
Contents 1
Abstract 3
1. Introduction 4
2. A theoretical framework 6
2.1. A comprehensive conceptualization 6
2.2. The labor market implications of process innovation and the compensation mechanisms 8
2.3. Product innovation 10
2.4. Current debate 11
3. Empirical evidence 11
3.1. Empirical evidence at the macro level 12
3.2. Empirical evidence at the sectoral level 12
3.3. Empirical evidence at the firm level 13
3.4. Empirical evidence for specific technologies: robots and artificial intelligence 15
4. Main findings 16
5. Conclusion and policy implications 17
References 19
Figures 5
Figure 1. Potential automation by 2055 in different sectors 5
Figure 2. Share of the industry employment exposed to automation by AI: US 5
Figure 3. The two faces of innovation: how product and process innovation affect employment 8
The relationship between technology and employment has long been a topic of debate. This issue is even more pertinent today as the global economy undergoes a technological revolution driven by automation and the widespread adoption of Artificial Intelligence.
The primary objective of this paper is to provide insights into the relationship between innovation and employment by proposing a conceptual framework and by discussing the state of the art of the debates and analyses surrounding this topic.
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