Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/2309
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dc.contributor.authorChen, Yu-Fuen_US
dc.contributor.authorSnower, Dennis J.en_US
dc.contributor.authorGylfi, Zoegaen_US
dc.date.accessioned2009-01-28T14:24:12Z-
dc.date.available2009-01-28T14:24:12Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/2309-
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 havestimulated 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 occured.en_US
dc.language.isoengen_US
dc.publisher|aHamburg Institute of International Economics (HWWA) |cHamburg-
dc.relation.ispartofseries|aHWWA Discussion Paper |x78-
dc.subject.jelE32en_US
dc.subject.jelJ24en_US
dc.subject.jelJ54en_US
dc.subject.jelJ23en_US
dc.subject.ddc330-
dc.subject.keywordfiring restrictionsen_US
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.identifier.ppn84690778Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:hwwadp:26177-

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