Print Email Facebook Twitter Do labour market reforms reduce labour productivity growth? A panel data analysis of 20 OECD countries (1960–2004) Title Do labour market reforms reduce labour productivity growth? A panel data analysis of 20 OECD countries (1960–2004) Author Vergeer, R. Kleinknecht, A. Publication year 2014 Abstract Based on comprehensive regression analysis, the authors find that weak wage growth and a smaller labour share of national income significantly reduce labour productivity growth. They conclude that supply-side labour market reforms have contributed to reducing labour productivity growth: this cannot be explained by a deregulation-induced inflow of low-productivity labour as proposed by OECD researchers. They also discuss why deregulation, easier firing and higher labour turnover may damage learning and knowledge accumulation in companies, notably by weakening the functioning of the “routinized” innovation model (“Schumpeter II”). Finally, their findings raise doubts about the relevance of Baumol's law and Verdoorn's law. Subject Resilient OrganisationsSP - Sustainable Productivity and EmployabilityEELS - Earth, Environmental and Life SciencesWork and EmploymentWorkplaceHealthy LivingLabour productivityLow incomeOECD countries To reference this document use: http://resolver.tudelft.nl/uuid:58819e32-aadd-4730-bcca-d9af71020a0b DOI https://doi.org/10.1111/j.1564-913x.2014.00209.x TNO identifier 524367 Source International Labour Review, 153 (3), 365-393 Document type article Files To receive the publication files, please send an e-mail request to TNO Library.