return. In the short run, an adverse shock to a region results in a sharp drop in employment and a gradual decline of … physical capital; the system returns to its initial capital/labor ratio after four years. The sharp drop in employment is …’s employment. …

countries or reforms of employment protection laws. Using a model that captures the characteristics of the French labor market …, we simulate the effects of this reform on unemployment, employment, and welfare. We estimate that the CNE will lead to …

on output convergence. The evidence suggests that while the Employment Insurance (EI) system seems to have had a …

unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …

We build a small open economy, real business cycle model with labor market frictions to evaluate the role of employment … significant change in aggregate employment. …

affected by bank branch deregulation and employment protection occurring over 1972-1993. We find that financial liberalization …, employment protection promotes those industries that are more knowledge intensive, while the effect of financial liberalization … an efficiency channel, better reallocating resources across sectors, while employment protection creates higher …

Over the last 15 years, the reforms of employment protection legislation (EPL) in European countries have mainly eased … hiring and firing restrictions for temporary employment while leaving the strict EPL provisions for regular or permanent …