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https://hdl.handle.net/10419/2309
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DC Field | Value | Language |
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dc.contributor.author | Chen, Yu-Fu | en |
dc.contributor.author | Snower, Dennis J. | en |
dc.contributor.author | Gylfi, Zoega | en |
dc.date.accessioned | 2009-01-28T14:24:12Z | - |
dc.date.available | 2009-01-28T14:24:12Z | - |
dc.date.issued | 1999 | - |
dc.identifier.uri | http://hdl.handle.net/10419/2309 | - |
dc.description.abstract | In this paper we analyse the employment implications of firing restrictions. We find that when a recession is expected and the trend rate of productivity growth is small, a rise in firing costs affects mainly the hiring decision. Thus there is a negative effect on average employment. When, on the other hand, a boom is expected and the rate of productivity growth is large, firing costs affect mainly the firing decision. Then, as a result, average employment is increased. Our analysis suggests that while firing restrictions might have stimulated employment and reduced unemployment in Europe in the first two decades following World War II - when large supply shocks were absent and the average rate of growth was high - these same restrictions may have had the opposite effects in the 1970s and 1980s, when significant negative supply shocks occured. | en |
dc.language.iso | eng | en |
dc.publisher | |aHamburg Institute of International Economics (HWWA) |cHamburg | en |
dc.relation.ispartofseries | |aHWWA Discussion Paper |x78 | en |
dc.subject.jel | E32 | en |
dc.subject.jel | J24 | en |
dc.subject.jel | J54 | en |
dc.subject.jel | J23 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | stochastic demand | en |
dc.subject.keyword | hiring and firing | en |
dc.subject.keyword | real options | en |
dc.subject.keyword | firing restrictions | en |
dc.subject.stw | Kündigungsschutz | en |
dc.subject.stw | Arbeitsnachfrage | en |
dc.subject.stw | Kosten | en |
dc.subject.stw | Konjunktur | en |
dc.subject.stw | Theorie | en |
dc.title | Firing Costs: Eurosclerosis or Eurosuccesses? | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 846906155 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:hwwadp:26177 | en |
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