Publication: Induced automation: evidence from firm-level patent data
Induced automation: evidence from firm-level patent data
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Dechezleprêtre, A., Hémous, D., Olsen, M., & Zanella, C. (2021). Induced automation: evidence from firm-level patent data (No. 384; Working Paper Series / Department of Economics).
Abstract
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Abstract
Do higher wages lead to more automation innovation? To answer this question, we first use the frequency of certain keywords in patent text to create a new measure of automation innovation in machinery. We show that our measure is correlated with a reduction in routine tasks in a cross-sectoral analysis in the US. We combine macroeconomic data from 41 countries and information on geographical patent history to build firm-specific measures of low- and high-skill wages. In a firm-level panel analysis, we find that an increase in low-skil
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Dechezleprêtre, A., Hémous, D., Olsen, M., & Zanella, C. (2021). Induced automation: evidence from firm-level patent data (No. 384; Working Paper Series / Department of Economics).
