Autor, David H.; Kerr, William R.; Kugler, Adriana D. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Theory predicts that mandated employment protections may reduce productivity by distortingproduction choices. Firms facing (non-Coasean) worker dismissal costs will curtail hiringbelow efficient levels and retain unproductive workers, both of which should affectproductivity. These theoretical...