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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
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http://hdl.handle.net/10419/36844
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Bartelsman, Eric J. | | en_US |
| dc.contributor.author | | Gautier, Pieter A. | | en_US |
| dc.contributor.author | | de Wind, Joris | | en_US |
| dc.date.accessioned | | 2010-05-04 | | en_US |
| dc.date.accessioned | | 2010-07-23T09:33:28Z | | - |
| dc.date.available | | 2010-07-23T09:33:28Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/36844 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 4895 | | en_US |
| dc.subject.jel | | J65 | | en_US |
| dc.subject.jel | | O38 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Employment protection legislation | | en_US |
| dc.subject.keyword | | exit costs | | en_US |
| dc.subject.keyword | | information and communications technology | | en_US |
| dc.subject.keyword | | heterogeneous productivity | | en_US |
| dc.subject.keyword | | sectoral allocation | | en_US |
| dc.subject.stw | | Arbeitnehmerschutz | | en_US |
| dc.subject.stw | | Technologiewahl | | en_US |
| dc.subject.stw | | Hochtechnologiesektor | | en_US |
| dc.subject.stw | | Risiko | | en_US |
| dc.subject.stw | | Mehr-Sektoren-Modell | | en_US |
| dc.subject.stw | | Produktivität | | en_US |
| dc.subject.stw | | Informationstechnik | | en_US |
| dc.subject.stw | | Sektorale Beschäftigungsstruktur | | en_US |
| dc.subject.stw | | Allokation | | en_US |
| dc.subject.stw | | Vergleich | | en_US |
| dc.subject.stw | | EU-Staaten | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | Employment protection, technology choice, and worker allocation | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 625181581 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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