stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …

A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers … associated with about a 6% reduction in investment. Second, uncertainty is also negatively related to employment growth and …' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by …

This paper deals with the complex relationship between innovation and the labor market, analyzing the impact of new …

We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …

supply on automation innovation by exploiting an immigrant placement policy in Germany during the 1990s and 2000s. Difference …-in-differences estimates indicate that one additional worker per 1,000 manual and unskilled workers reduces automation innovation by 0 …-skilled workers. Labor market tightness and external demand are plausible mechanisms for the labor-innovation nexus …

Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … welfare state, as well as through offshoring and reduced fixed capital investment of the corporate sector. The outcome was …

This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering … is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However …, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors …

an alternative way to model whether firms export or not, namely as a firm-level decision akin to an investment decision …