Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125237
Authors: 
Scarpetta, Stefano
Year of Publication: 
2014
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2014 [Issue:] 12
Abstract: 
Laws on hiring and firing are intended to protect workers from unfair behavior by employers, to counter imperfections in financial markets that limit workers’ ability to insure themselves against job loss, and to preserve firm-specific human capital. But by imposing costs on firms’ adaptation to changes in demand and technology, employment protection legislation may reduce not only job destruction but also job creation, hindering the efficient allocation of labor and productivity growth.
Subjects: 
regulations on hirings and firings
employment protection legislation (EPL)
labor mobility
reallocation of resources
productivity growth
JEL: 
J23
J53
K31
Persistent Identifier of the first edition: 
Document Type: 
Article

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