The Diffusion of New Technologies*

• 成果类型: Article
• 署名作者: Kalyani, Aakash; Bloom, Nicholas; Carvalho, Marcela; Hassan, Tarek; Lerner, Josh; Tahoun, Ahmed
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - St. Louis; Stanford University; National Bureau of Economic Research; University of London; London Business School; Boston University; Harvard University
• 刊物名称: QUARTERLY JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0033-5533
• DOI: 10.1093/qje/qjaf002
• 发表日期: 2025
• 页码: 1299-1365
• 关键词: skill complementarity; knowledge spillovers; CONFERENCE CALLS; wage inequality; UNITED-STATES; INNOVATION; INVESTMENT; demand; LABOR; text

摘要

We identify phrases associated with novel technologies using textual analysis of patents, job postings, and earnings calls, enabling us to identify four stylized facts on the diffusion of jobs relating to new technologies. First, the development of economically impactful new technologies is geographically highly concentrated, more so even than overall patenting: 56% of the most economically impactful technologies come from just two U.S. locations, Silicon Valley and the Northeast Corridor. Second, as the technologies mature and the number of related jobs grows, hiring spreads geographically. This process is very slow, taking around 50 years to disperse fully. Third, while initial hiring in new technologies is highly skill-biased, over time the mean skill level in new positions declines, drawing in an increasing number of lower-skilled workers. Finally, the geographic spread of hiring is slowest for higher-skilled positions, with the locations where new technologies were pioneered remaining the focus for the technology's high-skill jobs for decades.