TY  - RPRT
        AU  - Vivarelli, Marco
        TI  - Innovation and Employment: A Survey
        PY  - 2007/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2621
        UR  - https://www.iza.org/publications/dp2621
        AB  - 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.
        KW  - technological unemployment
KW  - compensation
KW  - innovation
        ER  -