@techreport{Polder2004Dynamics,
abstract = {In this paper we investigate the dynamic adjustment of labour and capital in German and
Dutch firms. The Dutch labour market is characterised by greater flexibility in wages and work
arrangements in comparison to Germany. These institutional differences imply that
employment dynamics in the two countries should differ, and in particular, labour adjustment
in the Netherlands should be more responsive to economic changes. On the other hand,
there is unlikely to be such a divergence in capital dynamics as investment conditions are
similar. Our results are consistent with this hypothesis. Furthermore, there is no evidence that
labour market regulations in the two countries affect the dynamics of capital adjustment.},
author = {Michael Polder and Sher Verick},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E24; E22; C23; 330; investment; labour demand; interrelation; panel data; GMM; Investition; Arbeitsnachfrage; Arbeitsmarktflexibilisierung; Wirtschaftliche Anpassung; Vergleich; Deutschland; Niederlande},
language = {eng},
number = {1212},
title = {Dynamics of Labour and Capital Adjustment : A Comparison of Germany and the Netherlands},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20465},
year = {2004}
}
