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Employment protection (EPL) has a well known negative impact on labor flows as well as an ambiguous but often negative effect on employment. In contrast, its impact on capital accumulation and capital-labor ratio is less well understood. The available empirical evidence suggests a non-monotonic...
Persistent link: https://www.econbiz.de/10010387699
Employment protection (EPL) has a well known negative impact on labor flows as well as an ambiguous but often negative effect on employment. In contrast, its impact on capital accumulation and capital-labor ratio is less well understood. The available empirical evidence suggests a non-monotonic...
Persistent link: https://www.econbiz.de/10010812512
unemployment and active labor market programs (ALMPs), utilizing a reform that decreased dismissal costs for small firms only … unemployment and some ALMPs. Our results suggest that there was less screening of new hires after the reform, and that … liberalization of EPL mitigates the stigma associated with unemployment and participation in ALMPs. …
Persistent link: https://www.econbiz.de/10012145480
-liberal argument that strictness of employment protection hurts labor through increased long-term and youth unemployment rates. While … it finds no empirical basis for this orthodox standpoint it observes that long-term unemployment dampens aggregate … production which in turn aggravates unemployment problem …
Persistent link: https://www.econbiz.de/10013113170
unemployment and active labor market programs (ALMPs), utilizing a reform that decreased dismissal costs for small firms only … unemployment and some ALMPs. Our results suggest that there was less screening of new hires after the reform, and that … liberalization of EPL mitigates the stigma associated with unemployment and participation in ALMPs. …
Persistent link: https://www.econbiz.de/10011943436
This paper studies the impact of an unemployment protection legislation reform - a substitution between an experience … rated tax and firing costs - on the level and structure of unemployment by skills. In this purpose, we consider a matching … free entry condition and the tax rate aimed at financing unemployment benefits results from a balanced budget constraint …
Persistent link: https://www.econbiz.de/10014050738
In this Paper, I analyse the pros and cons of implementing structural reforms of the labour market in booms versus recessions, in light of considerations of social efficiency, political viability, and macroeconomic fine-tuning. While the optimal timing of a reform depends on the relative...
Persistent link: https://www.econbiz.de/10005504569
This paper explores potential gendered effects of employment protection on earnings mobility, differentiating between upward and downward movements. We conduct a micro-macro mobility analysis for 23 European countries over the economic downturn period 2008–2014. The results confirm that,...
Persistent link: https://www.econbiz.de/10012221068
We study a search model with employment protection legislation. We show that if the output from the match is uncertain ex ante, there may exist a discriminatory equilibrium where workers with the same productive characteristics are subject to different hiring standards. If a bad match takes...
Persistent link: https://www.econbiz.de/10010274292
This paper explores potential gendered effects of employment protection on earnings mobility, differentiating between upward and downward movements. We conduct a micro-macro mobility analysis for 23 European countries over the economic downturn period 2008–2014. The results confirm that,...
Persistent link: https://www.econbiz.de/10012217725