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

    Filippetti, Andrea and Guy, Frederick (2012) Skills, social insurance, and changes in innovation investment after the onset of the financial crisis in Europe. Working Paper. Birkbeck College, University of London, London, UK.

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    Abstract

    This paper compares investments in innovation from the early days of the financial crisis up to mid 2009 using a survey covering more than 5,000 firms across twenty one European countries. Our interest is in how differences in labour market institutions and human capital affect a firm’s innovation investment during the recent financial crisis. We find that continuity of investment in innovation in Europe during the onset of the financial crisis in 2008-9 was strongest in countries which have both high earnings replacement rates and high participation in vocational education and training; countries with just one were more likely to see reduced innovation, while we find no effect (either positive or negative) from job security.

    Metadata

    Item Type: Monograph (Working Paper)
    Additional Information: CIMR Research Working Paper Series, Working Paper No. 7 ISSN: 2052-062X
    Keyword(s) / Subject(s): varieties of capitalism; labour market institutions; skills; innovation investment; financial crisis; EU labour market; comparative studies
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Research Centre: Innovation Management Research, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 15 Oct 2013 13:46
    Last Modified: 23 Mar 2017 10:25
    URI: http://eprints.bbk.ac.uk/id/eprint/8470

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