, we investigate the employment effects of innovations over the business cycle. Our analysis employs a large data set of …. (2014), our empirical analysis reveals four important findings: First, the net effect of product innovation on employment … demand losses from old products by demand gains of new products to a substantial degree. As a result their net employment …

The shift of employment from lower to higher productive firms is an important driver for structural change and industry … dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by … product innovation may be offset by employment losses in related products, known as 'cannibalisation' or 'business stealing …