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Published VersionCC BY-NC-ND V4.0, Open Access
Journal article
Labour market rigidity and firm innovation
Australian Economic Papers, Vol.63(2), pp.237-257
2024
Appears in UniSC Supported Open Access Outputs
Abstract
This paper examines the impact of pro‐worker interference on wage contracts and innovation incentives in the labour market. Using a general equilibrium model, we find that excessive interference affects contingent wage contracts in innovator start‐ups and tech‐intensive firms, especially for complex innovation. When worker dismissal is restricted, high wages may not effectively drive innovation. Moreover, without an efficient intellectual property market, excessive labour market interference can lead to innovation stagnation. Our findings highlight the importance of balancing labour market regulations to foster innovation and ensure its continued growth.
Details
- Title
- Labour market rigidity and firm innovation
- Authors
- Limin Gao (Author) - Shanghai Lixin University of Accounting and FinanceSajid Anwar (Corresponding Author) - University of the Sunshine Coast, Queensland, School of Business and Creative Industries
- Publication details
- Australian Economic Papers, Vol.63(2), pp.237-257
- Publisher
- John Wiley & Sons, Inc.
- Date published
- 2024
- DOI
- 10.1111/1467-8454.12326
- ISSN
- 1467-8454; 0004-900X
- Copyright note
- © 2023 The Authors. Australian Economic Papers published by John Wiley & Sons Australia, Ltd. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.
- Organisation Unit
- School of Business and Creative Industries; Indigenous and Transcultural Research Centre
- Language
- English
- Record Identifier
- 99975398002621
- Output Type
- Journal article
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