We consider a firm that is subject to employment protection laws that limit the firm's ability to fire labor. In particular, we suppose that though a firm which shuts down can fire all its workers, it may fire no fewer. Compared to a firm that is subject to no employment protection, a firm...

Although the neoclassical labor economics literature assumes that hours of work are determined solely on the supply side as a result of individual demand for leisure, and abundance of evidence points to the importance of employer demand factors in the market for hours of work. Despite the appeal...

We use longitudinal individual wage and unemployment data for France and the United States to investigate the effect of intertemporal changes in an individual's status vis-a-vis the real minimum wage on employment transition rates. We find that movements in both French and American real minimum...