Fedotenkov, Igor; Kvedaras, Virmantas; … - 2022
productivity growth in the EU in the context of the Great Recession. We consider the crisis and recovery periods, evaluate the … relevance of both levels and changes in EPL for productivity growth, establish the presence of some nonlinearities, and explore … beneficial in regular (non-crisis) times. In the long run, we document that an increase in EPL stimulates employers to substitute …