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
Authors:	Vivarelli, Marco
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Innovation \| Technischer Fortschritt \| Personalabbau \| Beschäftigungseffekt \| Kritik \| Theorie \| Welt

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Series:	IZA Discussion Papers ; 2621
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	528141457 [GVK] hdl:10419/33787 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010267790