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well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may …
Persistent link: https://www.econbiz.de/10010265548
Despite a sequence of labor market reforms in recent years, employment of older workers in Germany is still lower than … market policy and social benefits. It can be shown that the institutional framework currently in place in Germany is … inconsistent. Further reforms are needed to create better employment opportunities for older workers. This implies the abolishment …
Persistent link: https://www.econbiz.de/10010267620
positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro … for larger firms (e.g. over 150 employees). We also find the policy raises area level manufacturing employment mainly …
Persistent link: https://www.econbiz.de/10010282152
In this study we use a unique database covering 25 manufacturing and service sectors for 16 European countries over the period 1996-2005, for a total of 2,295 observations, and apply GMM-SYS panel estimations of a demand-for-labour equation augmented with technology. We find that R&D...
Persistent link: https://www.econbiz.de/10010269701
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10010262488
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …
Persistent link: https://www.econbiz.de/10010261921
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10010269571
investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to … in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and …
Persistent link: https://www.econbiz.de/10010261606
well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may …
Persistent link: https://www.econbiz.de/10005822664
, their recent reforms and - where already possible - effects of these reforms. Overall, Germany seems to be on the right …
Persistent link: https://www.econbiz.de/10010269676