Technological revolutions must be matched by policies

Philippe Aghion (College of France, LSE, and CEPR) discusses work on merged datasets from the UK - one detailing occupation & wages, the other looking at R&D and investment. As firms become more innovative they will outsource higher fraction of low-skilled occupations, however they will also invest more in training and retaining low-skilled workers with useful 'soft' skills. Success of industries or countries during a period of technological revolution (such as the advance of AI) depends on good labour policies and investment in education and training.

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Topics:  Labour markets Productivity and Innovation

Tags:  innovation, Inequality, R&D, wages

Professor, College de France and London School of Economics; CEPR Research Fellow

Events

  • 17 - 18 August 2019 / Peking University, Beijing / Chinese University of Hong Kong – Tsinghua University Joint Research Center for Chinese Economy, the Institute for Emerging Market Studies at Hong Kong University of Science and Technology, the Guanghua School of Management at Peking University, the Stanford Center on Global Poverty and Development at Stanford University, the School of Economics and Management at Tsinghua University, BREAD, NBER and CEPR
  • 19 - 20 August 2019 / Vienna, Palais Coburg / WU Research Institute for Capital Markets (ISK)
  • 29 - 30 August 2019 / Galatina, Italy /
  • 4 - 5 September 2019 / Roma Eventi, Congress Center, Pontificia Università Gregoriana Piazza della Pilotta, 4, Rome, Italy / European Center of Sustainable Development , CIT University
  • 9 - 14 September 2019 / Guildford, Surrey, UK / The University of Surrey

CEPR Policy Research