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  1. Firing costs
    eurosclerosis or eurosuccesses? : paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands", organized by Michael Funke (University of Hamburg), Robert Chirinko (Emory University), and Hans-Eckart Scharrer ( HWWA)
    Autor*in: Chen, Yu-Fu; Snower, Dennis J.; Gylfi Zoega; Funke, Michael; Chirinko, Robert S.; Scharrer, Hans-Eckart
    Erschienen: 1999
    Verlag:  HWWA-Institut für Wirtschaftsforschung-Hamburg, Hamburg

    In 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... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 16 (78)
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    In 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.

     
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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Konferenzschrift
    Format: Online
    Weitere Identifier:
    hdl: 10419/2309
    RVK Klassifikation: QB 910 ; QC 310
    Körperschaften/Kongresse: HWWA Workshop on Uncertainty and Factor Demands (1999, Hamburg)
    Schriftenreihe: HWWA-Diskussionspapier ; 78
    Schlagworte: Kündigungsschutz; Arbeitsnachfrage; Kosten; Konjunktur; Theorie; Realoptionsansatz
    Umfang: 1 Online-Ressource (22 Seiten), Illustrationen