This paper provides a non-technical and selective explanation of the theory of innovation and economic growth, in light of the 2025 Bank of Sweden Prize in Memory of Alfred Nobel, awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt. Their body of scholarship is critically evaluated, and the...

The rapid evolution of technology is reshaping labor markets by altering skill demands and job profiles. This paper introduces a novel skill-based measure of occupational technology intensity - the Occupational Technology Skill Share (OTSS) - that distinguishes between manual, digital, and...

We use novel data from a survey of nearly 750 corporate executives to study the effects of artificial intelligence (AI) on productivity and the workforce. We document substantial heterogeneity in AI adoption across firms, with more than half having already invested, though many smaller firms are...