German welfare system and the associated employment persistence. Even the steady decrease of labour cost (normalized by …

Macroeconomic shocks and labour-market institutions jointly determine employment growth and economic performance. The … costs harmful to employment when it may appear most appropriate. In contrast, firing costs can raise employment during …

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired … firing in recessions, while leaving hiring in booms unchanged. Thereby insider power reduces average employment. …