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Employment Protection Legislation, Multinational Firms and Innovation

Griffith, Rachel; Macartney, Gareth - C.E.P.R. Discussion Papers - 2010

The theoretical effects of labour regulations such as employment protection legislation (EPL) on innovation is … technologically advanced innovation. In this paper we find empirical evidence that both effects are at work - multinational … innovation in countries with low EPL. …

Persistent link: https://www.econbiz.de/10008530372

Employment Protection, International Specialization, and Innovation

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1996

This paper develops a model to analyse the implications of firing costs on incentives for R&D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid labour market will tend to produce relatively secure goods, at late stages in their product...

Persistent link: https://www.econbiz.de/10005136526

The Territorial Dynamics Of Innovation In China And India

Crescenzi, Riccardo; Rodriguez-Pose, Andres; Storper, … - C.E.P.R. Discussion Papers - 2012

This paper analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in … between the provinces and states within both countries are quite different. In China, the concentration of innovation is …. Innovative areas in China, rather than generate knowledge spillovers, seem to produce strong backwash effects. In India, by …

Persistent link: https://www.econbiz.de/10011083752

Endogenous Indoctrination: Occupational Choice, the Evolution of Beliefs, and the Political Economy of Reform

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2009

Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...

Persistent link: https://www.econbiz.de/10005011855

Does the Market Provide Sufficient Employment Protection?

Burguet, Roberto; Caminal, Ramon - C.E.P.R. Discussion Papers - 2004

This Paper examines the role of employment protection when firms learn over time about the value of the match. When parties can commit to future wages, equilibrium contracts stipulate positive severance payments as an instrument to induce efficient lay-off decisions and there is no room for...

Persistent link: https://www.econbiz.de/10005789192

The Rise and Persistence of Rigidities

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1997

In this paper we argue that employment protection legislation is more likely to arise when the rents earned by the employed over their alternative wage is greater. The model explains why economies with greater real wage rigidity also have greater employment protection. The model also predicts...

Persistent link: https://www.econbiz.de/10005791239

Rhineland Exit?

Bovenberg, A Lans; Teulings, Coen N - C.E.P.R. Discussion Papers - 2008

We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle about the ultimate goal of the company....

Persistent link: https://www.econbiz.de/10005791558

Employment protection versus flexicurity: on technology adoption in unionised firms

Lommerud, Kjell Erik; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2010

We analyse how different labour market institutions--employment protection versus ‘flexicurity’--affect technology adoption in unionised firms. We consider trade unions’ incentives to oppose or endorse labour-saving technology and firms’ incentives to invest in such technology. Increased...

Persistent link: https://www.econbiz.de/10008554238

Does the welfare state make older workers unemployable?

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2009

This paper discusses the specificities of the labor market for older workers. It discusses the implications of those specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment benefits indexed backwards and hiring costs are...

Persistent link: https://www.econbiz.de/10008506842

Employment Protection, Technology Choice, and Worker Allocation

Bartelsman, Eric J; de Wind, Joris; Gautier, Pieter A - C.E.P.R. Discussion Papers - 2010

Using a country-industry panel dataset (EUKLEMS) we uncover a robust empirical regularity, namely that high-risk innovative sectors are relatively smaller in countries with strict employment protection legislation (EPL). To understand the mechanism, we develop a two-sector matching model where...

Persistent link: https://www.econbiz.de/10008468571

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