Vindigni, Andrea; Scotti, Simone; Tealdi, Cristina - Collegio Carlo Alberto, Università degli Studi di Torino - 2013
rents and on the status quo level of the firing cost. In particular, we show that when the ring cost is initially relatively … some threshold value. Conversely, when the status quo level of the firing cost is relatively high, the preservation of a … conditions not necessarily favors the demise of high firing costs in rigid high-rents economies, because "good times" cut down …