This paper uses cross-country micro-aggregated data on rm dynamics and productivity from the ECB CompNet database to …. Productivity enhancing reallocation generally rises in downturns but, similar to findings for the US, it did not pick up in the …

productivity and a risky technology with productivity subject to sizeable shocks. Strict EPL makes the risky technology relatively … less attractive because it is more costly to shed workers upon receiving a low productivity draw. We calibrate the model … mechanism can explain a considerable portion of the slowdown in productivity in the EU relative to the US since 1995. …

productivity and a risky technology with productivity subject to sizeable shocks. Strict EPL makes the risky technology relatively … less attractive because it is more costly to shed workers upon receiving a low productivity draw. We calibrate the model … mechanism can explain a considerable portion of the slowdown in productivity in the EU relative to the US since 1995 …

This paper uses cross-country micro-aggregated data on firm dynamics and productivity from the ECB CompNet database to …. Productivity enhancing reallocation generally rises in downturns but, similar to findings for the US, it did not pick up in the …