The effect of employment protection legislation on productivity growth in OECD-countries, given the skill level of a sector
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2019-08-23
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en
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Abstract
Productivity growth is an understudied part of the macro-economic impact of employment protection legislation (EPL), which usually focuses on the impact on employment. This thesis studies the influence of EPL on productivity growth, focussing on both total factor productivity (TFP) and labour productivity (LP). It also distinguishes between the effect of EPL on low-skilled sectors and the effect on high-skilled sectors. Using a multi-level cross-classified model based on sector level productivity data from the EU KLEMS database, it shows that generally productivity growth in low-skilled sectors is influenced more by changes in EPL compared to productivity growth in high-skilled sectors. The effect is stronger for TFP growth compared to LP growth. It also shows that product market regulation has a significant impact on both TFP and LP growth.
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Faculteit der Managementwetenschappen