-specific human capital. But by imposing costs on firms' adaptation to changes in demand and technology, employment protection …

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 …

size class. This suggests that stricter EPL restrains job creation because firms fear the costs of shedding jobs during …

little room for sharing costs. The implicit doctrine is that employment termination has to be the last resort, the ultima … by mutual consent, at lower costs. Building on firm-level data, we develop an event analysis which reveals that the …