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This extended book review of Creating a Learning Society by Joseph Stiglitz and Bruce Greenwald (2014) looks at the 700-page long scholarly work from a transition economy perspective. Using as a starting point Arrow's renowned concept of "learning by doing", the authors throw away the doctrines...
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This paper analyzes the effect of firing costs on aggregate productivity growth. For this purpose, a model of … importance of reallocation for productivity growth. In the model, growth is driven by selection among heterogeneous incumbent …. -- Endogenous growth theory ; firm dynamics ; labor market regulation ; firing costs ; entry and exit ; firm selection …
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We analyse how different labour market institutions - employment protection versus flexicurity - affect technology adoption in unionised firms. We consider both trade unions' incentives to oppose or endorse labour-saving technology, and firms' incentives to invest in such technology. We find...
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macroeconomic outcomes of a hump-shaped life-cycle profile in labour productivity, whilst in the second extension we postulate a …
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