Innovation and Employment: A Survey

According to the "compensation theory", market forces should assure a complete compensation of the initial labour-saving impact of process innovations. In this paper a critique of this approach is proposed through a detailed survey of the theoretical and empirical literature on the subject. The general conclusion is that - although compensation is always working - the complete counter-balancing of dismissed workers cannot be assumed ex-ante.

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Year of publication:	2007-02
Authors:	Vivarelli, Marco
Institutions:	Institute for the Study of Labor (IZA)
Subject:	innovation \| technological unemployment \| compensation

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2621 22 pages
Classification:	J64 - Unemployment: Models, Duration, Incidence, and Job Search ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005700886