This paper analyzes the effects of firing costs in a broader setup than what is usually done, allowing for on …-the-job training. By doing so the traditional analysis is extended with respect to two points: On the one hand firing costs clearly … opportunity to lower the costs of firing restrictions: After all the value of output of a well-trained worker is less likely to …

entail less training, in firms with higher firing costs. Our study highlights the potential adverse effects of EPL on worker … training in dual labour markets, owing to larger firms seeking to avoid the higher costs of EPL by means of temporary contracts. …

entail less training, in firms with higher firing costs. Our study highlights the potential adverse effects of EPL on worker … training in dual labour markets, owing to larger firms seeking to avoid the higher costs of EPL by means of temporary contracts. …

This paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on …-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over …

Sunk firing costs shelter employment and this effect is typically amplified by uncertainty due to an option value of … waiting. Thus, if sunk firing costs are high, e.g. due to a employment protection legislation, and if recession related losses … be sufficient to avoid layoffs by firms operating with current losses. Depending on the size of sunk hiring costs …

-performance relationship fusing an employment systems approach with human capital theory and articulating the mechanisms and temporal pathways …