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businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …
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Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expanding firms, and the shedding of workers from declining and...
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, decentralized and individualized wage-setting arrangements and government income insurance systems that encourage activation …
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.Work hours can be altered relatively speedily and flexibly, and this strongly relates to employment, labor productivity, and … employment and unemployment. However, it can be seriously misleading to ignore the interrelated behavior of hours worked … unemployment outcomes. The hours–employment distinction is especially important in the evaluation of the performances of European …
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market outcomes. We use an industry-country panel of OECD countries over 20 years to estimate adjustment paths for employment … with the speed of adjustment of employment and output (restrictive legislation slowing adjustment down), and that …
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