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Based on comprehensive regression analysis, the authors find that weak wage growth and a smaller labour share of national income significantly reduce labour productivity growth. They conclude that supply-side labour market reforms have contributed to reducing labour productivity growth: this...
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<title>Abstract</title> Nickell <italic>et al</italic>. (2005) have frequently been cited as empirical evidence that labor market rigidities cause high unemployment. We find that their model is <underline>not</underline> robust. Leaving their database unchanged and changing three details in their estimation procedure, it turns out that several...
Persistent link: https://www.econbiz.de/10010974765
Mainstream economists argue that unemployment can be reduced by deregulation of labor markets, that is, by easier firing, reduction of minimum wages and social benefits, and so forth. Our panel data analysis shows that wage-cost saving flexibilization of labor markets has a negative impact on...
Persistent link: https://www.econbiz.de/10009353096
Workplace innovation can be defined as the implementation of new and combined interventions in work organisation, HRM and supportive technologies, and strategies to improve performance of organisations and quality of jobs. Previous research confirms the presence of a positive relationship...
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Unlike internal ('functional') forms of flexibility of labour, external ('numerical') forms of flexibility (i.e. high shares of people on temporary contract or a high turnover of personnel) yield substantial savings on a firm's wage bill. Savings on wage bills lead to higher job growth, but do...
Persistent link: https://www.econbiz.de/10005482847
We analyze the influence of innovation on growth rates of employment in 859 Dutch manufacturing firms over the period 1983-1988. Whereas, the (growth of the) R&D intensity of firms has a slightly negative impact on employment, we find that firms with a high share of product-related R&D (as a...
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