| dc.creator |
Chen, Yu-Fu |
|
| dc.creator |
Snower, Dennis J. |
|
| dc.creator |
Gylfi, Zoega |
|
| dc.date |
1999 |
|
| dc.date.accessioned |
2013-10-16T06:13:38Z |
|
| dc.date.available |
2013-10-16T06:13:38Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/2309 |
|
| dc.identifier |
ppn:303223448 |
|
| dc.identifier |
ppn:303223448 |
|
| dc.identifier |
RePEc:zbw:hwwadp:26177 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/2309 |
|
| dc.description |
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. |
|
| dc.language |
eng |
|
| dc.publisher |
HWWA-Institut für Wirtschaftsforschung Hamburg |
|
| dc.relation |
HWWA-Diskussionspapier 78 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
E32 |
|
| dc.subject |
J24 |
|
| dc.subject |
J54 |
|
| dc.subject |
J23 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
firing restrictions |
|
| dc.subject |
stochastic demand |
|
| dc.subject |
hiring and firing |
|
| dc.subject |
real options |
|
| dc.subject |
Kündigungsschutz |
|
| dc.subject |
Arbeitsnachfrage |
|
| dc.subject |
Kosten |
|
| dc.subject |
Konjunktur |
|
| dc.subject |
Theorie |
|
| dc.title |
Firing Costs: Eurosclerosis or Eurosuccesses? |
|
| dc.type |
doc-type:workingPaper |
|