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We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our … framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to …. With flexible wages, the deadweight loss of the regulation is below 1% of GDP, but when wages are downwardly rigid welfare …
Persistent link: https://www.econbiz.de/10010627855
of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output … country data to study the effect of product market regulation and reform on a country’s macroeconomic performance. After a …
Persistent link: https://www.econbiz.de/10005822371
higher education performance in education, research and economic innovation, using non-arbitrary weights and eighteen policy …Higher education contributes to economic innovation. This study measures and compares the extent to which national …
Persistent link: https://www.econbiz.de/10010884401
native and foreign STEM graduates have statistically significant and economically large effects on innovation. Together these … results suggest that policies that increase the stocks of both foreign and native STEM graduates increase innovation and …
Persistent link: https://www.econbiz.de/10010959806
This paper investigates how physical, organisational, institutional, cognitive, social, and ethnic proximities between inventors shape their collaboration decisions. Using a new panel of UK inventors and a novel identification strategy, this paper systematically explores the net effects of all...
Persistent link: https://www.econbiz.de/10010721624
This study provides the first nation-wide analysis of the labor market implications of occupational licensing for the U.S. labor market, using data from a specially designed Gallup survey. We find that in 2006, 29 percent of the workforce was required to hold an occupational license from a...
Persistent link: https://www.econbiz.de/10005233920
sufficient intelligence by people with limited intelligence may dominate government regulation. …
Persistent link: https://www.econbiz.de/10005761789
What type of businesses do unions target for organizing? A dynamic model of the union organizing process is constructed to answer this question. A union monitors establishments in an industry to learn about their productivity and decides which ones to organize and when. An establishment becomes...
Persistent link: https://www.econbiz.de/10010959698
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010604486
through innovation that explains these facts. The model is a modified version of the Schumpeterian theory of firm evolution …
Persistent link: https://www.econbiz.de/10005703179