Angebotsökonomie: wenig Innovation – viele Jobs!

Artikel

Deregulation of labour markets through structural reforms as proposed by supply side economists has a negative impact on innovation and brings down the growth rates of labour productivity. This paper discusses why the Schumpeter II innovation model is functioning poorly with higher labour turnover. Deregulation of labour markets also changes power relations between capital and labour, which leads to lower wage growth. Panel data analyses show that a one per cent lower wage increase leads to 0.32-0.49% lower growth of value added per labour hour.

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• Language: Deutsch

References and Relationships

• Bibliographic citation: Journal: Wirtschaftsdienst ; ISSN: 1613-978X ; Volume: 97 ; Year: 2017 ; Issue: Sonderheft ; Pages: 25-27 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; Labor-Management Relations; Industrial Jurisprudence ; Labor Law ; Innovation and Invention: Processes and Incentives

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kleinknecht, Alfred
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2017

Further information

• DOI: doi:10.1007/s10273-017-2118-1
• Handle: http://hdl.handle.net/10419/172961