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Skills, social insurance, and changes in innovation investment after the onset of the financial crisis in Europe

Andrea Filippetti () and Frederick Guy ()

No 7, Working Papers from Birkbeck Centre for Innovation Management Research

Abstract: We find that firms in countries which have both high earnings replacement rates and high participation in vocational education and training were less likely to reduce investments in innovation following the onset of the financial crisis; countries with only one of these features were more likely to see reduced investment in innovation; job security appears to have no effect.

Pages: 35 pages
Date: 2012-08, Revised 2012-08
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Published on Birkbeck Centre for Innovation Management Research web site, August 2012, pages 1-35

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