| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16484 |
| 来源ID | Working Paper 16484 |
| Labor Laws and Innovation | |
| Viral V. Acharya; Ramin P. Baghai; Krishnamurthy V. Subramanian | |
| 发表日期 | 2010-10-21 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Stringent labor laws can provide firms a commitment device to not punish short-run failures and thereby spur their employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify this effect by exploiting the time-series variation generated by staggered country-level changes in dismissal laws. We find that within a country, innovation and economic growth are fostered by stringent laws governing dismissal of employees, especially in the more innovation-intensive sectors. Firm-level tests within the United States that exploit a discontinuity generated by the passage of the federal Worker Adjustment and Retraining Notification Act confirm the cross-country evidence. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Corporate Finance ; Labor Economics ; Labor Relations ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w16484 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574158 |
| 推荐引用方式 GB/T 7714 | Viral V. Acharya,Ramin P. Baghai,Krishnamurthy V. Subramanian. Labor Laws and Innovation. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16484.pdf（682KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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