The economics of employment protection |
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Authors: | John T Addison Paulino Teixeira |
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Institution: | (1) University of South Carolina, 29208 Columbia, SC;(2) Universidade de Coimbra, Coimbra, Portugal |
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Abstract: | Empirical investigation of the labor market consequences of employment protection has mushroomed since Lazear's (1990) pioneering
study. Having sketched the theoretical background, we chart the course of the modern empirical literature. We focus mainly
on dismissals protection, distinguishing between the themes of employment and unemployment development and labor market dynamics
proper. Our discussion of employment and unemployment largely deals with the effect of employment protection on levels of
these outcome indicators. We distinguish between overall and compositional effects (e.g., by demographic group and type of
contract), between developing and industrialized nations, and identify some key control variables. Our discussion of labor
market dynamics focuses on the speed of adjustment issue and on gross flows. It also formalizes the link between analyses
of levels of and changes in variables. At all times potential offsets to the adverse effects of employment protection receive
consideration. |
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Keywords: | |
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