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This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of … firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New …-respecting the bonding critique. We find that the two types of firing costs do not show significant differences. However, respecting …
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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...
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