Innovation and employment

Abstract

R&D fosters labor-friendly product innovation that leads to job creation. Product innovation may imply the emergence of new firms and new sectors and thus new jobs. Price and income compensation mechanisms can counterbalance the initial displacement of workers that occurs following process innovation. Empirical evidence reveals the possible job-creation… (More)

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Citations per Year

Citation Velocity: 7

Averaging 7 citations per year over the last 3 years.

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