Dynamik statt Stillstand: Arbeitsmarktinstitutionen als Schlüssel für Wachstum

Fuchs-Schündeln Nicola and Schoefer Benjamin

Wirtschaftsdienst, 2025, vol. 105, issue 10, 707-710

Abstract: The current debate on sluggish growth in Europe largely ignores labour market dynamics. Based on a comparison of productivity trends and IT investment in the US and Europe, we investigate how rigid labour market institutions can hamper the economy’s ability to adapt. Especially in times of technological upheaval, labour market flexibility is an important driver of growth that enables disruptive innovation. We argue for more research on the growth effects of labour market institutions and for policies that enable employees to be more mobile and adaptable.

JEL-codes: E24 J24 J28 O30 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:wirtsc:v:105:y:2025:i:10:p:707-710:n:1010

DOI: 10.2478/wd-2025-0182

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