Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/2227
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dc.contributor.authorChen, Yu-Fuen_US
dc.contributor.authorSnower, Dennis J.en_US
dc.contributor.authorGylfi, Zoegaen_US
dc.date.accessioned2009-01-28T14:37:05Z-
dc.date.available2009-01-28T14:37:05Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/2227-
dc.description.abstractIn this paper we analyse the employment implications of firing restrictions. We find that when a recession is expected and the trend rate of productivity growth is small, a rise in firing costs affects mainly the hiring decision. Thus there is a negative effect on average employment. When, on the other hand, a boom is expected and the rate of productivity growth is large, firing costs affect mainly the firing decision. Then, as a result, average employment is increased. Our analysis suggests that while firing restrictions might have stimulated employment and reduced unemployment in Europe in the first two decades following World War II - when large supply shocks were absent and the average rate of growth was high - these same restrictions may have had the opposite effects in the 1970s and 1980s, when significant negative supply shocks occurred.-
dc.language.isoengen_US
dc.publisher|aDepartment of Economic Studies, University of Dundee |cDundee-
dc.relation.ispartofseries|aDundee discussion papers in economics / University of Dundee|x94-
dc.subject.jelE32-
dc.subject.jelJ23-
dc.subject.jelJ24-
dc.subject.jelJ54-
dc.subject.ddc330-
dc.subject.keywordfiring restrictions
dc.subject.keywordstochastic demand
dc.subject.keywordhiring and firing
dc.subject.keywordreal options
dc.subject.stwKündigungsschutzen_US
dc.subject.stwArbeitsnachfrageen_US
dc.subject.stwKostenen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwTheorieen_US
dc.titleFiring costs: eurosclerosis or eurosuccesses?en_US
dc.typeWorking Paperen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.printppn265420784en_US

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