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http://hdl.handle.net/10419/33494
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| Title: | | Job flow dynamics and firing restrictions: evidence from Europe  |
| Authors: | | Messina, Julián Vallanti, Giovanna |
| Issue Date: | | 2006 |
| Series/Report no.: | | IZA Discussion Papers 2045 |
| Abstract: | | We exploit homogeneous firm level data of manufacturing and non-manufacturing sectors to study the impact of firing restrictions on job flow dynamics across 14 European countries. We find that more stringent firing laws dampen the response of job destruction to the cycle, thus making job turnover less counter-cyclical. Moreover, the impact of firing costs on job creation and job destruction varies across sectors, depending on sector-specific trend growth. Our findings clearly suggest that such costs are more important in contracting than in growing sectors. |
| Subjects: | | gross job flows Europe business cycle firing costs |
| JEL: | | J23 J63 J68 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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