Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/33787
Authors: 
Vivarelli, Marco
Year of Publication: 
2007
Series/Report no.: 
IZA Discussion Papers 2621
Abstract: 
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.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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