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


  • Andrea Filippetti

    () (Department of Geography, London School of Economics)

  • Frederick Guy

    () (Department of Management, Birkbeck College University of London)


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.

Suggested Citation

  • Andrea Filippetti & Frederick Guy, 2012. "Skills, social insurance, and changes in innovation investment after the onset of the financial crisis in Europe," Working Papers 7, Birkbeck Centre for Innovation Management Research, revised Aug 2012.
  • Handle: RePEc:img:wpaper:7

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