Cingano, Federico; Leonardi, Marco; Messina, Julián; … - In: Economic Policy 25 (2010) 01, pp. 117-163
" Exploiting information from a panel of European firms we study the joint effect of EPL and financial market imperfections on investment, capital-labour substitution, labour productivity and job reallocation. We find that EPL reduces investment per worker, capital per worker and value added per...