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Stringent labor laws can provide firms a commitment device to not punish short-run failures and thereby spur their employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify this effect by exploiting the time-series variation...
Persistent link: https://www.econbiz.de/10013069108
Standard models suggest that adverse labor demand shocks will lead to bigger employment losses if institutional factors … explains the contrast between the United States, where real wages fell over the 1980s and aggregate employment expanded … vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by …
Persistent link: https://www.econbiz.de/10013141509
This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … productivity (CDM model). Our econometric results suggest that overall the systems driving innovation and productivity are … productivity that is associated with more or less innovative activities …
Persistent link: https://www.econbiz.de/10012778167
mismatches are associated with significant productivity losses …
Persistent link: https://www.econbiz.de/10012960702
, and that a high rate of machinery investment is a necessary prerequisite for rapid long-run productivity growth - a …
Persistent link: https://www.econbiz.de/10012763337
We examine productivity growth since World War II in the five leading research economies: West Germany, France, the … productivity, research, and patenting, we simulate the growth of the five countries, given initial productivity levels in 1950 and … the magnitude of the slowdown in German, French, and Japanese productivity growth and the relative constancy of U.K. and U …
Persistent link: https://www.econbiz.de/10013237260
microdata data. The evidence shows that regulation reduces labor market flexibility, reduces the employment of marginal workers …This paper summarizes the main lessons learned from Law and Employment: Lessons from Latin America and the Caribbean, a … of regulation in Latin America and OECD Europe and discusses the origin of regulation. It shows the fragility of time …
Persistent link: https://www.econbiz.de/10013243460
This working paper presents Chapter 7 of a book to be published for the National Bureau of Economic Research by the University of Chicago Press. The point of the book is to compare taxes on income from capital in four countries,accounting for corporate, personal, and property taxes, and...
Persistent link: https://www.econbiz.de/10013224427
This working paper presents Chapter 2 of a book that has been submitted to the University of Chicago Press for publication consideration. The point of the book is to compare taxes on income from capital infour countries,accounting for corporate, personal, and property taxes, and including...
Persistent link: https://www.econbiz.de/10013226949
employment and productivity.The major findings are that:1)Affirmative action has some success in improving employment … employment under affirmative action have taken place in both high-skilled and low-skilled occupations. 3)Compliance reviews have … not been targeted against establishments with the lowest relative proportions of minority or female employment. Targetting …
Persistent link: https://www.econbiz.de/10013234082