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R&D, unemployment, and labor market policies

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  • Miyamoto, Hiroaki

Abstract

This paper studies the effects of labor market policies on R&D activities and unemployment. I develop a search and matching model in which firms' R&D decisions are endogenously determined. The model demonstrates that more intensive labor market policies that protect workers reduce the levels of R&D activities. This study offers a theoretical framework to understand the relationship between R&D activities, labor market policies, and unemployment which is discussed in empirical studies.

Suggested Citation

  • Miyamoto, Hiroaki, 2010. "R&D, unemployment, and labor market policies," Japan and the World Economy, Elsevier, vol. 22(3), pages 198-205, August.
    • Handle: RePEc:eee:japwor:v:22:y:2010:i:3:p:198-205
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    Cited by:

    1. Jósef Sigurdsson, 2013. "Capital Investment and Equilibrium Unemployment," Economics wp61, Department of Economics, Central bank of Iceland.

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    More about this item

    Keywords

    Labor market policies R& D Search and matching model;

    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
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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