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An essay on the generational effect of employment protection

Chen, Yu-Fu; Gylfi Zoega - 2009

This paper provides an explanation for the observed positive relationship between youth unemployment and the cost of firing workers. When the cost of firing workers is high, firms only fire when the present discounted value of future losses is high, in which case they gain little by postponing...

Persistent link: https://www.econbiz.de/10003907089

Strong hysteresis due to age effects

Chen, Yu-Fu; Gylfi Zoega - 2009

Persistent link: https://www.econbiz.de/10003932538

Strong hysteresis due to age effects

Chen, Yu-Fu; Gylfi Zoega - 2010

firing costs ; heterogeneous workers …

Persistent link: https://www.econbiz.de/10003936605

Firing costs : eurosclerosis or eurosuccesses? : paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands", organized by Michael Funke (Universi...

Chen, Yu-Fu; Snower, Dennis J.; Gylfi Zoega; Funke, Michael - HWWA Workshop on Uncertainty and Factor Demands <1999, …; … - 1999

and the trend rate of productivity growth is small, a rise in firing costs affects mainly the hiring decision. Thus there … growth is large, firing costs affect mainly the firing decision. Then, as a result, average employment is increased. Our …

Persistent link: https://www.econbiz.de/10011418198