The observation of highly regulated, but successful economies has given rise to the hypothesis of various viable models of labor market adaptability. The paper presents a quantitative indicator that tries to avoid a simplified flexibility-rigidity dichotomy and provides a detailed picture of the...

This paper provides a critical assessment of the OECD's Employment Protection Legislation (EPL). This indicator is designed to measure and compare employment protection legislation across countries and has dominated much of recent labour market policy making in the EU. The authors of this paper...