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Title
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When structural reforms of labor markets harm productivity : evidence from the German IAB panel
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Author
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Abstract
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| We find firm-level evidence that removing labor market rigidities can harm productivity growth. This holds, in particular, in industries with a high 'cumulativeness' of knowledge, i.e., when accumulation of worker-embodied (and often 'tacit') knowledge from experience is important for innovative competencies. We conclude that there is a trade-off between the efficient allocation of scarce resources in a static neoclassical perspective and dynamic Schumpeterian efficiency, the latter requiring rigidities in labor markets that are valuable for innovation. |
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Language
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English
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Source (journal)
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Industrial and corporate change. - Oxford, 1992, currens
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Publication
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Oxford
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Oxford univ press
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2024
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ISSN
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0960-6491
[print]
1464-3650
[online]
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DOI
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10.1093/ICC/DTAD060
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Volume/pages
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33
:3
(2024)
, p. 541-554
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ISI
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001099113000001
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Full text (Publisher's DOI)
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Full text (publisher's version - intranet only)
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