RELATIONSHIPS, COMMITMENT, AND LABOR PRODUCTIVITY GROWTH

被引:1
|
作者
Francois, Patrick [1 ,2 ]
Roberts, Joanne [3 ]
机构
[1] Tilburg Univ, CentER, NL-5000 LE Tilburg, Netherlands
[2] Univ British Columbia, Vancouver, BC V5Z 1M9, Canada
[3] Univ Toronto, Toronto, ON M5S 1A1, Canada
关键词
D O I
10.1162/154247603322391242
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes the interactions between growth and the contracting environment in production. With incompleteness in contracting, a firm's capacity to commit to its workers will depend on institutional frictions such as hiring and firing costs. This interaction of contracting structure and relationship costs will in part determine firms' technology choices. We suggest this as a possible explanation of the differential rates of labor productivity growth in Europe and the United States. (JEL: O31, O33, O38, O40, L16)
引用
收藏
页码:612 / 620
页数:9
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