%0 Report
        %A Vivarelli, Marco
        %T Innovation and Employment: A Survey
        %D 2007
        %8 2007 Feb
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 2621
        %U https://www.iza.org/publications/dp2621
        %X 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.
        %K technological unemployment
%K compensation
%K innovation