We study the relation between innovation quality and managerial time horizon, measured by the time remaining until the end of fixed-term CEO employment contracts. Firms with longer CEO horizons produce more important innovation on average: one additional year in horizon is associated with 8%...

How does technical progress affect long-term unemployment? The relationship between long-term unemployment and the rate of growth attributable to technical progress is evaluated in a growth-matching-model with heterogeneous jobless workers and with endogenously determined long-term unemployed...

This paper proposes an explicit model of spillovers through labor flows in a framework with search frictions. Firms can choose to innovate or to imitate by hiring a worker from a firm that has already innovated. We show that if innovating firms can commit to long-term wage contracts with their...

The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall employment rate, but also high wage inequality,...

What puts productivity spillovers into effect through worker mobility across firms? Productivity difference between the sending and receiving firms have been found to drive these spillovers; while an alternative explanation suggests that labor flows from foreign-owned companies provide...

Technological innovation, knowledge diffusion and employee entrepreneurship and mobility are closely related phenomena. Multiple literature streams in strategy, entrepreneurship and technology management focus on explaining them. However, relatively little is known about the micro-level...

Skills shortage has become a key policy issue in highly developed and innovation-oriented economies, with non-negligible consequences on firms' innovation activities. We investigate the effect of skills shortage on firms' innovation openness, which is considered to be one of the key drivers of...

We investigate the effect of mobility of highly skilled workers in Denmark on the total patenting activity of the firms involved for the population of R&D active Danish firms observed between 1999 and 2004. Our study documents how workers joining increase firms' patenting activity. The effect is...

This paper explores the effects of product innovation, process innovation and R&D expenditure on job creation, job destruction and churning. The results indicate that product innovation tends to amplify both job creation and destruction, while R&D tends to work in the opposite direction. We also...