Labor Laws and Innovation

被引：221

作者：

Acharya, Viral V. ^{[1
]}

Baghai, Ramin P. ^{[2
]}

Subramanian, Krishnamurthy V. ^{[3
]}

机构：

[1] NYU, New York, NY 10003 USA

[2] Stockholm Sch Econ, Stockholm, Sweden

[3] Indian Sch Business, Hyderabad, Andhra Pradesh, India

来源：

JOURNAL OF LAW & ECONOMICS | 2013年 / 56卷 / 04期

关键词：

MARKET VALUE; PROTECTION; OWNERSHIP;

D O I：

10.1086/674106

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

When contracts are incomplete, dismissal laws prevent employers from arbitrarily discharging employees and thereby limit employers'' ability to hold up innovating employees after an innovation is successful. Therefore, dismissal laws can enhance employees'' innovative efforts and encourage firms to invest in risky but potentially groundbreaking projects. Other forms of labor laws that do not affect dismissal of employees do not have this bright side. We find support for these predictions in empirical tests that exploit country-level changes in dismissal laws in the United States, the United Kingdom, France, and Germany: more stringent dismissal laws foster innovation, particularly in innovation-intensive industries, but other labor laws do not.

引用

页码：997 / 1037

页数：41

共 49 条

[1] Wrongful Discharge Laws and Innovation [J].