This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot …

complement non-routine labor. I show that while it is optimal to distort robot adoption, robots may be either taxed or subsidized …. The robot tax exploits general-equilibrium effects to compress the wage distribution. Wage compression reduces income …-tax distortions of labor supply, thereby raising welfare. In the calibrated model, the optimal robot tax for the US is positive and …

&D business functions. We do not find any direct effects of robot adoption; robotization affects labor only indirectly, by …

globalization. We develop a competence-based definition of technological sovereignty, which puts innovation policy at the core of … cooperation and trade. Two case studies illustrate how innovation policy might be used to achieve technological sovereignty. …

Debates about the future of work frequently reference past instances of transformative innovation to preface analysis … overview of the current debates around the potential effects of impending labor-replacing innovation. We then summarize …

credit constraints on firm-level innovation. We find that access to bank credit helps firms to adopt existing products and … acquiring external know-how. We find no evidence that bank credit also stimulates firm innovation through in-house R&D. This …