2020

How Labor Market Institutions Affect Job Creation and Productivity Growth – An Update

Särtryck nr 2020:1

Författare: Magnus HenreksonÅr: 2020 Publikation: IZA World of Labor Årgång (nr): 1 (januari) Sidor: 1–10
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How Labor Market Institutions Affect Job Creation and Productivity Growth – An Update Magnus Henrekson


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.


Referens:
Henrekson, Magnus (2020), "How Labor Market Institutions Affect Job Creation and Productivity Growth – An Update". IZA World of Labor 1(januari), 1–10.

Magnus Henrekson

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