Innovation and Employment: A Survey
AbstractAccording 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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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2621.
Length: 22 pages
Date of creation: Feb 2007
Date of revision:
Publication status: published in: Horst Hanusch and Andreas Pyka (eds.), Elgar Companion to Neo-Schumpeterian Economics, Cheltenham: Elgar, 2007, 719-32
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Find related papers by JEL classification:
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-24 (All new papers)
- NEP-INO-2007-03-24 (Innovation)
- NEP-LAB-2007-03-24 (Labour Economics)
- NEP-TID-2007-03-24 (Technology & Industrial Dynamics)
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