Labor laws and innovation
Edición de la obra Labor laws and innovation
| Autor | Viral V. Acharya |
|---|---|
| Editorial | National Bureau of Economic Research |
| Fecha de publicación | 2010 |
| Lugar | Cambridge, MA |
| Idioma | inglés |
| Formato | Electronic resource |
| LCCN | 2011655729 |
| Serie | NBER working paper series -- working paper 16484 · Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16484. |
| Número de Cutter | A176l |
"Stringent labor laws can provide firms a commitment device to not punish short-run failures and thereby spur their employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify this effect by exploiting the time-series variation generated by staggered country-level changes in dismissal laws. We find that within a country, innovation and economic growth are fostered by stringent laws governing dismissal of employees, especially in the more innovation-intensive sectors. Firm-level tests within the United States that exploit a discontinuity generated by the passage of the federal Worker Adjustment and Retraining Notification Act confirm the cross-country evidence"--National Bureau of Economic Research web site.