| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7806 |
| DP7806 Employment Protection, Technology Choice, and Worker Allocation | |
| Pieter A. Gautier; Eric J Bartelsman; Joris de Wind | |
| 发表日期 | 2010-05-23 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Using a country-industry panel dataset (EUKLEMS) we uncover a robust empirical regularity, namely that high-risk innovative sectors are relatively smaller in countries with strict employment protection legislation (EPL). To understand the mechanism, we develop a two-sector matching model where firms endogenously choose between a safe technology with known 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 using a variety of aggregate, industry and micro-level data sources. We then simulate the model to reflect both the observed differences across countries in EPL and the observed increase since the mid-1990s in the variance of firm performance associated with the adoption of information and communication technology. The simulations produce a differential response to the arrival of risky technology between low- and high-EPL countries that coincides with the findings in the data. The described mechanism can explain a considerable portion of the slowdown in productivity in the EU relative to the US since 1995. |
| 主题 | Labour Economics |
| 关键词 | Employment protection Information and commications technology Search Sectoral allocation |
| URL | https://cepr.org/publications/dp7806 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536643 |
| 推荐引用方式 GB/T 7714 | Pieter A. Gautier,Eric J Bartelsman,Joris de Wind. DP7806 Employment Protection, Technology Choice, and Worker Allocation. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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