Title: Innovation and employment
First published: 2007
Description: "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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Subjects: Displaced workers, Economic aspects, Economic aspects of Technological innovations, Technological innovations
LC classification: HD5701