Schaik, Ton van; van de Klundert, Theo - Tilburg University, Center for Economic Research - 2010
The productivity slowdown in Europe since the mid-1990s is a reason for concern. Labour market rigidity, hampering … participation is an important factor in explaining differences in productivity and welfare over time and across regions as can be … returns as introduced by Kaldor and Verdoorn may boost productivity. For countries other than the US catching up appears to be …