Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 11, 2017 erstellt
Beschreibung:
We study how a reform that granted EU workers free access to the Swiss labor market affected Swiss firms. Our firm-level Differences-in-Differences estimations exploit the fact that the reform incidentally affected firms close to the border more strongly. We find that the reform increased employment, the skill intensity, and sales of incumbent firms, especially in firms that relied heavily on foreign workers and that suffered from skill shortages before the reform. In these firms, the reform also increased labor productivity. We explain these effects through higher innovation performance of incumbents and the reallocation of economic activity into highly affected regions