Labor laws and innovation
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Author
Contributions
- Baghai-Wadji, Ramin - Contributor
- Subramanian, Krishnamurthy - Contributor
- National Bureau of Economic Research - Contributor
Publication
2010 - National Bureau of Economic Research, Cambridge, MA, Massachusetts
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2011655729
- Open LibraryOL25029364M
Classifications
- LCCHB1
Description
"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"--National Bureau of Economic Research web site.
Subjects
Series Statement
- NBER working paper series -- working paper 16484
- Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16484.
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