dismissal costs. We exploit the fact that costs for unjust dismissals in Italy increased for firms below 15 employees relative …Labor market regulations have often been blamed for high and persistent unemployment in Europe, but evidence on their … to bigger firms after 1990. We find that the increase in dismissal costs after 1990 decreased accessions and separations …

dismissal costs. We exploit the fact that costs for unjust dismissals in Italy increased for firms below 15 employees relative …Labor market regulations have often been blamed for high and persistent unemployment in Europe, but evidence on their … to bigger firms after 1990. We find that the increase in dismissal costs after 1990 decreased accessions and separations …

just after. The layoff costs and its procedural component are evaluated thanks to the estimation of a search and matching … the fragility of low-seniority jobs implies that layoff costs reduce the average job duration and increase unemployment … years in case of unfair dismissal. We show, relying on data, that this regulation entails a hike in severance payments at …

unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …