This paper advances our understanding of the transformative role of innovation in labor share dynamics over recent decades of rapid technological evolution. We introduce a novel methodology to disentangle the direction and substitution effects of technological change, drawing on comprehensive...

Industrial policies are interventions by public authorities with the purpose of influencing the sectoral (or locational) structure of an economy. Authorities could have a multitude of objectives in mind. With the rising geopolitical tensions between the US and China, IP experienced a revival....

Industrial policies are interventions by public authorities with the purpose of influencing the sectoral (or locational) structure of an economy. Authorities could have a multitude of objectives in mind. With the rising geopolitical tensions between the US and China, IP experienced a revival....

This paper advances our understanding of the transformative role of innovation in labor share dynamics over recent decades of rapid technological evolution. We introduce a novel methodology to disentangle the direction and substitution effects of technological change, drawing on comprehensive...