Publication
Title
When structural reforms of labor markets harm productivity : evidence from the German IAB panel
Author
Abstract
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.
Language
English
Source (journal)
Industrial and corporate change. - Oxford, 1992, currens
Publication
Oxford : Oxford univ press , 2023
ISSN
0960-6491 [print]
1464-3650 [online]
DOI
10.1093/ICC/DTAD060
Volume/pages
(2023) , p. 1-14
ISI
001099113000001
Full text (Publisher's DOI)
UAntwerpen
Publication type
Subject
External links
Web of Science
Record
Identifier
Creation 04.12.2023
Last edited 08.01.2024
To cite this reference