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dc.contributor.authorChen, Yu-Fuen
dc.contributor.authorSnower, Dennis J.en
dc.contributor.authorGylfi, Zoegaen
dc.date.accessioned2009-01-28T14:24:12Z-
dc.date.available2009-01-28T14:24:12Z-
dc.date.issued1999-
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 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 occured.en
dc.language.isoengen
dc.publisher|aHamburg Institute of International Economics (HWWA) |cHamburgen
dc.relation.ispartofseries|aHWWA Discussion Paper |x78en
dc.subject.jelE32en
dc.subject.jelJ24en
dc.subject.jelJ54en
dc.subject.jelJ23en
dc.subject.ddc330en
dc.subject.keywordstochastic demanden
dc.subject.keywordhiring and firingen
dc.subject.keywordreal optionsen
dc.subject.keywordfiring restrictionsen
dc.subject.stwKündigungsschutzen
dc.subject.stwArbeitsnachfrageen
dc.subject.stwKostenen
dc.subject.stwKonjunkturen
dc.subject.stwTheorieen
dc.titleFiring Costs: Eurosclerosis or Eurosuccesses?-
dc.typeWorking Paperen
dc.identifier.ppn846906155en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:hwwadp:26177en

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