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dc.contributor.authorBartelsman, Eric J.en
dc.contributor.authorGautier, Pieter A.en
dc.contributor.authorde Wind, Jorisen
dc.date.accessioned2010-05-04-
dc.date.accessioned2010-07-23T09:33:28Z-
dc.date.available2010-07-23T09:33:28Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/36844-
dc.description.abstractUsing 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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4895en
dc.subject.jelJ65en
dc.subject.jelO38en
dc.subject.ddc330en
dc.subject.keywordEmployment protection legislationen
dc.subject.keywordexit costsen
dc.subject.keywordinformation and communications technologyen
dc.subject.keywordheterogeneous productivityen
dc.subject.keywordsectoral allocationen
dc.subject.stwArbeitnehmerschutzen
dc.subject.stwTechnologiewahlen
dc.subject.stwHochtechnologiesektoren
dc.subject.stwRisikoen
dc.subject.stwMehr-Sektoren-Modellen
dc.subject.stwProduktivitäten
dc.subject.stwInformationstechniken
dc.subject.stwSektorale Beschäftigungsstrukturen
dc.subject.stwAllokationen
dc.subject.stwVergleichen
dc.subject.stwEU-Staatenen
dc.subject.stwUSAen
dc.titleEmployment protection, technology choice, and worker allocation-
dc.type|aWorking Paperen
dc.identifier.ppn625181581en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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