This study considers employment and productivity growth generated by the public funding of R&D using linked employer-employee data in Finland. Public subsidies, instrumented by available public R&D funding in the industry/region, have a positive effect on productivity growth in small and...

This study contains an empirical analysis of gross job and worker flows in the context of the great depression of the early 1990s. The novelty of the empirical implemention is to characterize gross job and worker flows in terms of education and experience of employees. This is an important...