model reveals that an anti-retrenchment law can cause wages and employment to rise or fall, depending on the parametric … raises wages and employment. In a subsequent section we assume that the law specifies exogenously the amount of compensation …, equilibrium wages fall. However beyond a certain point, further rises in s cause wages to rise. In other words, the relation …

model reveals that an anti-retrenchment law can cause wages and employment to rise or fall, depending on the parametric … raises wages and employment. In a subsequent section we assume that the law specifies exogenously the amount of compensation …, equilibrium wages fall. However beyond a certain point, further rises in s cause wages to rise. In other words, the relation …

Theory predicts that the wage effects of government-mandated severance payments depend on workers' and firms' relative … bargaining power. This paper estimates the effect of employment protection legislation (EPL) on workers' individual wages in a …