Artikel
How labor market institutions affect job creation and productivity growth
Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expanding firms, and the shedding of workers from declining and failing firms. Growth-favoring labor market institutions include portable pension plans and other job tenure rights, health insurance untied to the current employer, individualized wage-setting, and public income insurance systems that encourage mobility and risk-taking in the labor market.
- Sprache
-
Englisch
- Erschienen in
-
Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2020 ; Bonn: Institute of Labor Economics (IZA)
- Klassifikation
-
Wirtschaft
Fiscal Policies and Behavior of Economic Agents: Firm
Labor Turnover; Vacancies; Layoffs
Firm Performance: Size, Diversification, and Scope
New Firms; Startups
Innovation and Invention: Processes and Incentives
Institutions and Growth
- Thema
-
entrepreneurship
gazelles
high-growth firms
innovation
labor market policy
productivity
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Henrekson, Magnus
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2020
- DOI
-
doi:10.15185/izawol.38.v2
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Henrekson, Magnus
- Institute of Labor Economics (IZA)
Entstanden
- 2020
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