Embodied and Disembodied Technological Change: The Sectoral Patterns of Job-Creation and Job-Destruction
This paper addresses, both theoretically and empirically, the sectoral patterns of job creation and job destruction in order to distinguish the alternative effects of embodied vs disembodied technological change operating into a vertically connected economy. Disembodied technological change turns out to positively affect employment dynamics in the "upstream" sectors, while expansionary investment does so in the "downstream" industries. Conversely, the replacement of obsolete capital vintages tends to exert a negative impact on labour demand, although this effect turns out to be statistically less robust.
Year of publication: |
2019
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Authors: | Dosi, Giovanni ; Piva, Mariacristina ; Virgillito, Maria Enrica ; Vivarelli, Marco |
Publisher: |
Bonn : Institute of Labor Economics (IZA) |
Subject: | innovation | disembodied and capital-embodied technological change | employment | job-creation | job-destruction | sectoral interdependencies |
Saved in:
freely available
Series: | IZA Discussion Papers ; 12408 |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | 1668342197 [GVK] hdl:10419/202754 [Handle] RePEc:iza:izadps:dp12408 [RePEc] |
Classification: | O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology ; O31 - Innovation and Invention: Processes and Incentives ; O33 - Technological Change: Choices and Consequences; Diffusion Processes |
Source: |
Persistent link: https://www.econbiz.de/10012059138