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 …

macroeconomic volatilities. In our subsequent empirical estimations, we find that higher labor turnover costs have a statistically …

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 …

This article uses data from the 1998-1999 French INSEE time use survey to estimate the time costs of children. The … home production and labor supply. Time costs are computed in terms of hours of foregone leisure. The model accounts for …

We develop a new methodology to estimate the elasticity of urban costs with respect to city population using French …