Firing Costs and Labour Demand: How Bad is Eurosclerosis?
This paper proposes a model of firms' optimal employment policies under linear adjustment costs. We find that firing costs have a larger effect on firms' propensity to fire than...
This paper proposes a model of firms' optimal employment policies under linear adjustment costs. We find that firing costs have a larger effect on firms' propensity to fire than...
h-index: Number of publications with at least h citations each.