Labor market frictions for female workers and corporate innovation

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-05-01 Epub Date: 2025-03-03 DOI:10.1016/j.frl.2025.107093

Hyuksoon Lim

引用次数: 0

Abstract

I investigate the impact of labor market frictions for female workers on corporate innovation. Following the adoption of state-level paid family leave acts, which exogenously facilitate labor market participation of female employees, firms headquartered in affected states show significant increases in their innovation relative to unaffected firms. This effect is stronger for firms more reliant on a skilled workforce, in less tight local labor markets, with lower female employment, and that have higher female turnover. These findings support my hypothesis that the adoption of paid family leave acts fosters corporate innovation by improving talent allocation through an expanded labor supply of female workers. Overall, my results imply that labor market frictions for working mothers inhibit corporate innovation.

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女性劳动力市场摩擦与企业创新

我研究了女性劳动力市场摩擦对企业创新的影响。在采用了州级带薪家庭假法案之后，这些法案从外生角度促进了女性员工的劳动力市场参与，总部设在受影响州的公司相对于未受影响的公司，在创新方面表现出显著的增长。对于那些更依赖熟练劳动力的公司，在不那么紧张的当地劳动力市场，女性就业率较低，女性流动率较高的公司，这种影响更强。这些发现支持了我的假设，即采用带薪家庭假法案通过扩大女性劳动力供应来改善人才配置，从而促进了企业创新。总体而言，我的研究结果表明，职场母亲的劳动力市场摩擦抑制了企业创新。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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