Vindigni, Andrea; Tealdi, Cristina - Economics, Markets, Institutions, IMT Lucca Institute … - 2012
firing costs. In particular, we show that when firing costs are initially relatively low, a transition to a rigid labor … level of firing costs is relatively high, the preservation of a rigid labor market is favored by the employed with … favor the demise of high firing costs in rigid high-rents economies, because "good times" cut down the support for …