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. Firing costs help employers indicate that they will not oust employees instead of making promised payments, enabling early …
Persistent link: https://www.econbiz.de/10014512416
. Firing costs help employers indicate that they will not oust employees instead of making promised payments, enabling early …
Persistent link: https://www.econbiz.de/10014476854
-specific human capital. But by imposing costs on firms' adaptation to changes in demand and technology, employment protection …
Persistent link: https://www.econbiz.de/10011413798
This paper tests whether the job security offered by stricter employment protection legislation (EPL) undermines positive compensating wage differentials that would otherwise be paid. Specifically, we ask whether industries with relatively more need for layoffs and labour flexibility have lower...
Persistent link: https://www.econbiz.de/10011906083
entail less training, in firms with higher firing costs. Our study highlights the potential adverse effects of EPL on worker … training in dual labour markets, owing to larger firms seeking to avoid the higher costs of EPL by means of temporary contracts. …
Persistent link: https://www.econbiz.de/10012054793
entail less training, in firms with higher firing costs. Our study highlights the potential adverse effects of EPL on worker … training in dual labour markets, owing to larger firms seeking to avoid the higher costs of EPL by means of temporary contracts. …
Persistent link: https://www.econbiz.de/10011798229
unemployment and active labor market programs (ALMPs), utilizing a reform that decreased dismissal costs for small firms only …
Persistent link: https://www.econbiz.de/10011943436
is that dismissal costs depend not only on whether the dismissal is deemed fair or unfair, but also on the nature …, economic vs. disciplinary, of the layoff. The second feature is that compensation for unfair dismissal or severance is …
Persistent link: https://www.econbiz.de/10009757454
We analyze how hiring and firing costs as well as firing regulatory delays affect firms' hiring, firing, and relocation … model hiring and firing costs depend on the firm size and the number of people hired or fired. Based on our simulations … hiring and firing variable costs. The elasticity of firing due to relocation is highest with respect to the firm-sized firing …
Persistent link: https://www.econbiz.de/10013032036
I exploit the adoption of state-level labor protection laws as an exogenous increase in employee firing costs to … examine how the costs associated with discharging workers affect capital structure decisions. I find that firms reduce debt … costs. I also document that, following the adoption of these laws, a firm's degree of operating leverage rises, earnings …
Persistent link: https://www.econbiz.de/10013006723