Welfare Effects of Employment Protection

MVK Belot, J Boone, Jan van Ours

Research output: Book/Report/Inaugural speech/Farewell speechReportAcademic

Abstract

Employment protection is often related to costs incurred by the firms when they hire a worker.The stability of the employment relationship, enhanced by employment protection, is also favorable to the productivity of the job.We analyze employment protection focusing on this trade-off between adjustment costs and productivity.We show that from a welfare point of view there is an optimal degree of employment protection.
Original languageUndefined/Unknown
Volume2002-48
Publication statusPublished - 2002
Externally publishedYes

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