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Dynamik statt Stillstand: Arbeitsmarktinstitutionen als Schlüssel für Wachstum

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  • Fuchs-Schündeln Nicola
  • Schoefer Benjamin

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.

Suggested Citation

  • Fuchs-Schündeln Nicola & Schoefer Benjamin, 2025. "Dynamik statt Stillstand: Arbeitsmarktinstitutionen als Schlüssel für Wachstum," Wirtschaftsdienst, Sciendo, vol. 105(10), pages 707-710.
    • Handle: RePEc:vrs:wirtsc:v:105:y:2025:i:10:p:707-710:n:1010
    DOI: 10.2478/wd-2025-0182
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    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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