In this paper, we claim that worker rights (including collective bargaining rights, employment protection, and income security) promote productivity growth. We argue that cooperative labor-management relations encourage workers to make positive contributions to technical and organizational...

High unemployment in Europe has led many economists and policy-makers to praise rapid job creation and low unemployment in the United States and to credit its relatively unregulated labor markets for this success. The authors question the implication that Europe should adopt U.S.-style labor...

In this paper, we examine long-run employment and productivity growth in the major economies of North America and Europe from 1960 to the early 1990s. We develop a model in which output growth is determined by the growth of aggregate demand, and the relative contributions of employment and...