Díaz-Vázquez, Pilar; Snower, Dennis J; Arjona-Béjar, … - In: Contributions in Economic Analysis & Policy 4 (2005) 1, pp. 1-27
This paper explores the influence of on-the-job learning on the employment effect of firing costs. In the absence of on-the-job learning, the theoretical literature shows that firing costs may increase average employment (over the booms and recessions of the business cycle). We show that the...