Díaz-Vázquez, María del Pilar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996
The paper explores the influence of job security provisions on employment and unemployment. We show that this influence …’ bargaining power in wage negotiations. Specifically, costs of firing and hiring reduce employment and stimulate unemployment when … offers an explanation for Europe’s favourable unemployment performance vis-à-vis the United States in the 1950s and 1960s …