General equilibrium analyses of layoff costs have had mixed messages on the implications for employment. This paper … effects of layoff costs come through reducing labor reallocation, whereas negative effects come through reducing the private … return to work due to those layoff costs and the associated inefficient allocation of labor. Additional adverse employment …

-performance relationship fusing an employment systems approach with human capital theory and articulating the mechanisms and temporal pathways …

employee referrals. Referrals lower monitoring costs because high-effort referees can exert peer pressure on co …

individual's and firm's behaviour have important implications for the impact of policies that lower firing costs. A more flexible …

This article is an idiosyncratic survey of the insider-outsider theory, describing the vision underlying the theory … been dead-ends and red herrings in past research. The first section deals with the theory, concerning how labor turnover … costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also …

Sunk firing costs shelter employment and this effect is typically amplified by uncertainty due to an option value of … waiting. Thus, if sunk firing costs are high, e.g. due to a employment protection legislation, and if recession related losses … be sufficient to avoid layoffs by firms operating with current losses. Depending on the size of sunk hiring costs …

This paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on …-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over …