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reduced dismissal costs for the employers of over a tenth of Sweden's workforce. Our difference-in-differences analysis of … their hiring standards in response to changes in dismissal costs …
Persistent link: https://www.econbiz.de/10012870175
This paper analyzes the effect of firing costs on aggregate productivity growth. For this purpose, a model of … firms, and is sustained as entrants imitate the best incumbents. In this framework, firing costs not only induce … misallocation of labor, but also affect growth by affecting firms' exit decisions. Importantly, charging firing costs only to …
Persistent link: https://www.econbiz.de/10013316706
The paper analyses the arbitration of dismissal disputes by Australian labour courts over a 15 years' time span … characterized by two major legal reforms to unfair dismissal statutes. We isolate two channels by which we think the social values … dismissal cases. We also test for and address the Priest-Klein selection effect, which is known to potentially invalidate …
Persistent link: https://www.econbiz.de/10013016200
seminal study, Lazear (1990) found that contract avoidance of severance pay firing costs was theoretically simple – a bonding …, formal measures of severance-induced firing costs and hiring costs are derived. Firing costs are, it turns out …, systematically less than benefit generosity alone would imply. Moreover their interrelationship with hiring costs, often employed in …
Persistent link: https://www.econbiz.de/10013121754
Severance pay mandates are an appealing job displacement insurance strategy in developing countries, which have only modest government administrative capacities, but they carry the threat of adverse indirect effects. A critical review of the empirical literature reveals that severance benefit...
Persistent link: https://www.econbiz.de/10013123590
Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that predicted severance plan consequences depend critically on the precise structure of the plan. Whether governments mandate (i) severance insurance plans or (ii) severance savings plans...
Persistent link: https://www.econbiz.de/10013141753
Persistent link: https://www.econbiz.de/10003545259
This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...
Persistent link: https://www.econbiz.de/10013139060
Differences in employment protection across countries appear to be quite persistent over time. One mechanism that could explain this persistence is the so called constituency effect: high employment protection creates a mass of workers in favor of maintaining high protection because deregulation...
Persistent link: https://www.econbiz.de/10012779357
Persistent link: https://www.econbiz.de/10003644118