Technology and labor regulations: theory and evidence

Alesina, Alberto; Battisti, Michèle; Zeira, Joseph

doi:10.1007/s10887-017-9146-y

Cited by 48 publications

(16 citation statements)

References 56 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Unionization is intended to capture the strength of unions by affecting the bargaining power of labor relative to that of capital (Bruno and Sachs 1985, Blanchard 1997, Alesina, Battisti, and Zeira 2018, Madsen, Islam, and Doucouliagos 2018, Farber et al 2021. The unionization rate is likely to be influenced by significant foreign events that promote labor mobilization.…”

Section: Model Specificationmentioning

confidence: 99%

Markups, Tobin's q, and the Increasing Capital Share

KERSPIEN¹,

Madsen²

2023

J of Money Credit Banking

View full text Add to dashboard Cite

Increasing markups have recently gained prominence as a leading explanation for the increasing share of income going to capital since the 1980s. However, the existing analysis has been limited to the United States, covers only short periods, and generally does not control for potentially important confounders. Constructing data for the share of income going to capital and markups based on Tobin's q over the period 1870–2018 for 21 advanced countries, this research examines the ability of markups to explain the movements of income shares and the tendency for factor shares to converge toward constants in the long run. We find strong support for the markup hypothesis.

show abstract

Section: Model Specificationmentioning

confidence: 99%

Markups, Tobin's q, and the Increasing Capital Share

KERSPIEN¹,

Madsen²

2023

J of Money Credit Banking

View full text Add to dashboard Cite

show abstract

“…For example, Neto et al ( 2019) develop a theoretical model of bargaining over both wages and employment levels to show that trade unions can mitigate the effect of innovation on the relative demand for low-skilled workers. Government policy such as increased labor market regulation of making it more difficult for firms to lay off workers limits the reduction of demand of lower skilled workers according to a theoretical model and empirical evidence published in Alesina et al (2018).…”

Section: Does Innovation Affect the Demand For Skills?mentioning

confidence: 99%

The Political Economy of Skilled Workers and Innovation

Bansak

Bender

Coon

2021

Handbook of Labor, Human Resources and Population Economics

View full text Add to dashboard Cite

This chapter examines the link between skilled workers and innovation, and the political economy that affects this relationship. With a focus on the current state of research in this area, the chapter first summarizes the new evidence on the connections between skilled labor and innovation relating to knowledge development, entrepreneurship, teams, diversity, and brain drain. The second section discusses the possibility for reverse causalitynamely, that innovation can be a driver of the demand for high-skilled labor. In the following section, connections are made between public policies related to education systems, immigration, patent systems, intellectual property, public-private partnerships and amenities, and the possible effect on the level of skilled workers in various labor markets. The recent research is largely focused on the USA and OECD countries, and empirical evidence is provided using current data that corroborates the results of many of the reviewed studies. The final section lists resources for researchers aiming to move forward on the frontier of this line of research.

show abstract

“…Labor regulations can also alter incentives to adopt labor‐saving technologies, and these incentives are likely to vary depending on the skill level of the workforce (Alesina et al . 2018).…”

Section: The Theory Of Regulation Of Competitive Marketsmentioning

confidence: 99%

“…However, such regulations also increase adjustment costs by impeding the process of labor reallocation after it has become unemployed, thereby leading to productive inefficiencies (Martin & Scarpetta 2012). Labor regulations can also alter incentives to adopt labor-saving technologies, and these incentives are likely to vary depending on the skill level of the workforce (Alesina et al 2018).…”

Section: Regulation Competition and Growthmentioning

confidence: 99%

The impact of economic regulation on growth: Survey and synthesis

Broughel

Hahn

2020

Regulation & Governance

View full text Add to dashboard Cite

This study provides a survey of research that uses cross-country comparisons to examine the relationship between economic regulation and growth. Studies in the peer-reviewed literature tend to rely on either World Bank or Organisation for Economic Co-operation and Development measures of regulation. Those studies seem to reflect a consensus that entry regulation and anticompetitive product and labor market regulations are generally harmful to growth. The results from this cross-country research, taken in conjunction with economic theory and other country-specific studies of economic regulation, support the hypothesis that economic regulation tends to reduce welfare in competitive markets. Given the continued use of certain types of economic regulation, the findings may offer important lessons for policymakers.

show abstract

Technology and labor regulations: theory and evidence

Cited by 48 publications

References 56 publications

Markups, Tobin's q, and the Increasing Capital Share

Markups, Tobin's q, and the Increasing Capital Share

The Political Economy of Skilled Workers and Innovation

The impact of economic regulation on growth: Survey and synthesis

Contact Info

Product

Resources

About