The impact of labor market deregulation on productivity: a panel data analysis of 19 OECD countries (1960-2004)

References

• Baccaro, L., and Rei, D. "Institutional Determinants of Unemployment in OECD Countries: A Time Series Cross-Section Analysis." International Labor Organization Discussion Paper no. 160/2005, Geneva, 2005.
   Google Scholar
• Bassanini, A., and Ernst, E. "Labor Market Institutions, Product Market Regulations, and Innovation: Cross-Country Evidence." OECD Economics Department Working Paper no. 316, Paris, 2002.
   Google Scholar
• Bhaduri, A., and Marglin, S. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies." Cambridge Journal of Economics, 1990, 14 (4), 375-393.
   Google Scholar
• Blanchard, O., and Wolfers, J. "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence." Economic Journal, 2000, 110 (462), 1-33.
   Google Scholar
• Brouwer, E., and Kleinknecht, A. "Keynes-Plus? Effective Demand and Changes in Firm-Level R&D." Cambridge Journal of Economics, 1999, 23 (3), 385-391.
   Google Scholar
• Drakopolous, S. A., and Theodosiou, I. "Kaldorian Approach to Greek Economic Growth." Applied Economics, 1991, 23 (2), 1683-1689.
   Google Scholar
• DNB (De Nederlandse Bank). "Vermogensbeheer Nederlandse gezinnen onder de loep" [Analyzing Wealth Management by Dutch Families]. Quarterly Report by the DNB, Amsterdam, June 2002.
   Google Scholar
• Ebersberger, B., and Pyka, A. "Innovation and Sectoral Employment: A Trade-Off Between Compensation Mechanisms." Labor, 2002, 16 (4), 635-665.
   Google Scholar
• Faggio, G., and Nickell, S. "Patterns of Work Across the OECD." Economic Journal, 2007, 117 (521), 416-439.
   Google Scholar
• Fase, M. M. G., and Winder, C. C. A. "Baumol's Law and Verdoorn's Regularity." De Economist, 1999, 147 (3), 277-291.
   Google Scholar
• Felipe, J., and Fisher, F. M. "Aggregation in Production Functions: What Applied Economists Should Know." Metroeconomica, 2003, 54 (2-3), 208-262.
   Google Scholar
• Foley, D. K., and Michl, R. T. Growth and Distribution. Cambridge: Harvard University Press, 1999.
   Google Scholar
• Hall, P. A., and Soskice, D. Varieties of Capitalism. Oxford: Oxford University Press, 2001.
   Google Scholar
• Hartog, H. Den, and Tjan, H. S. "A Clay-Clay Vintage Model Approach for Sectors of Industry in the Netherlands." De Economist, 1980, 128 (2), 129-188.
   Google Scholar
• Hicks, J. The Theory of Wages. London: Macmillan, 1932.
   Google Scholar
• International Monetary Fund (IMF). World Economic Outlook. Washington, DC: IMF, 2007.
   Google Scholar
• Jansen, J. W. "Kleinknechthypothese mist empirisch bewijs" [No Empirical Proof for the Kleinknecht Hypothesis]. Economisch Statistische Berichten, 2004, 89 (4441), 418.
   Google Scholar
• Judson, R. A., and Owen, L. A. "Estimating Dynamic Panel Data Models: A Guide for Macroeconomists." Economic Letters, 1999, 65 (1), 9-15.
   Google Scholar
• Kennedy, C. "Induced Bias in Innovation and the Theory of Distribution." Economic Journal, 1964, 74 (295), 541-547.
   Google Scholar
• Kleinknecht, A. "Heeft Nederland een loongolf nodig?" [Do the Netherlands Need a Wave of Wage Increases?]. Inaugural Lecture as a Professor of Economics at the Free University of Amsterdam, 1994.
   Google Scholar
• Kleinknecht, A. "Is Labor Market Flexibility Harmful to Innovation?" Cambridge Journal of Economics, 1998, 22 (3), 387-396.
   Google Scholar
• Kleinknecht, A.; Oostendorp, R. M.; Pradhan, M. P.; and Naastepad, C. W. M. "Flexible Labor, Firm Performance and the Dutch Job Creation Miracle." International Review of Applied Economics, 2006, 20 (2), 171-187.
   Google Scholar
• Lee, Y. "Bias Correction in Dynamic Panels Under Time Series Misspecification." Working paper, Department of Economics, University of Michigan, Ann Arbor, February 2007 (available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1004386
   Google Scholar
• Lorenz, E. H. "Trust and the Flexible Firm: International Comparisons." Industrial Relations, 1992, 31 (3), 455-472.
   Google Scholar
• Lorenz, E. H. "Trust, Contract and Economic Cooperation." Cambridge Journal of Economics, 1999, 23 (3), 301-316.
   Google Scholar
• Lucidi, F., and Kleinknecht, A. "Little Innovation, Many Jobs: An Econometric Analysis of the Italian Labor Productivity Crisis." Cambridge Journal of Economics, 2010, 34 (3), 525-546.
   Google Scholar
• Malcolmson, J. "Contracts, Hold-Up, and Labor Markets." Journal of Economic Literature, 1997, 35 (4), 1916-1957.
   Google Scholar
• McCombie, J., and De Ridder, J. "Increasing Returns, Productivity and Output Growth: The Case of the United States." Journal of Post Keynesian Economics, Spring 1983, 5 (3), 373-387.
   Google Scholar
• McCombie, J.; Pugno, M.; and Soro, B. Productivity Growth and Economic Performance: Essays on Verdoorn's Law. London: Palgrave/Macmillan, 2002.
   Google Scholar
• Naastepad, C. W. M. "Technology, Demand and Distribution: A Cumulative Growth Model with an Application to the Dutch Productivity Growth Slowdown." Cambridge Journal of Economics, 2006, 30 (3), 403-434.
   Google Scholar
• Naastepad, C. W. M., and Kleinknecht, A. "The Dutch Productivity Slowdown: The Culprit at Last?" Structural Change and Economic Dynamics, 2004, 15 (2), 137-163.
   Google Scholar
• Nickell, S. "Biases in Dynamic Models with Fixed Effects." Econometrica, 1981, 49 (6), 1417-1426.
   Google Scholar
• Nickell, S., and Layard, R. "Labor Market Institutions and Economic Performance." In O. E. Ashenfelter and D. Card (eds.), Handbook of Labor Economics, pt. 3, vol. 3. Amsterdam: Elsevier, 1999, pp. 3029-3084.
   Google Scholar
• Nickell, S.; Nunziata, L.; and Ochel, W. "Unemployment in the OECD Since the 1960s: What Do We Know?" Economic Journal, 2005, 115 (500), 1-27.
   Google Scholar
• Nunziata, L. "Institutions and Wage Determination: A Multi-Country Approach." Oxford Bulletin of Economics and Statistics, 2005, 67 (4), 435-465.
   Google Scholar
• Organization for Economic Cooperation and Development (OECD). "Employment Protection and Labor Market Performance." Employment Outlook, Paris: OECD Publications, 1999.
   Google Scholar
• Organization for Economic Cooperation and Development (OECD). Employment Outlook. Paris: OECD Publications, 2003a.
   Google Scholar
• Organization for Economic Cooperation and Development (OECD). The Sources of Economic Growth in the OECD Countries. Paris: OECD Publications, 2003b.
   Google Scholar
• Polanyi, M. The Tacit Dimension. London: Routledge, 1966.
   Google Scholar
• Robinson, J. "The Production Function and the Theory of Capital." Review of Economic Studies, 1953-54, 21 (2), 81-106.
   Google Scholar
• Ruttan, V. W. "Induced Innovation, Evolutionary Theory and Path Dependence: Sources of Technical Change." Economic Journal, 1997, 107 (444), 1520-1529.
   Google Scholar
• Scarpetta, S., and Tressel, T. "Boosting Productivity via Innovation and Adoption of New Technologies: Any Role for Labor Market Institution? World Bank Policy Research Working Paper no. 3273, Washington, DC, April 2004.
   Google Scholar
• Schmookler, J. Invention and Economic Growth. Cambridge: Harvard University Press, 1966.
   Google Scholar
• Storm, S., and Naastepad, C. W. M. "Why Labor Market Regulation May Pay Off: Worker Motivation, Co-ordination and Productivity Growth." International Labor Organization, Economic and Labor Market Paper 2007/4, Geneva, 2007.
   Google Scholar
• Van Schaik, A. B. T. M. "Loonmatiging en arbeidsproductiviteit" [Wage Restraint and Labor Productivity]. Economisch Statistische Berichten, 1994, 91 (4498), 970-972.
   Google Scholar