Redesigning the Employment Protection System

Redesigning the Employment Protection System∗

The Economics of Employment Protection

The Economics of Employment Protection 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 an...

Employment protection and unemployment

The second factor often mentioned in discussions of European unemployment is employment protection (the first, unernploymenr benefits, was the topic of the previous note). Employment protection, the argument goes, increases the cost of doing business, leads to sclerosis of the economy, and to high unemployment. The purpose of this note is to assess both the theoretical and the empirical merits ...

The Effects of Employment Protection Legislation

This paper investigates the effects of employment protection legislation on the rates of worker flows, job reallocation, and churning flows by examining the case of Taiwan. Our study’s empirical identification takes advantage of the natural experiment created by Taiwan’s enactment of Labor Standards Law, which substantially increases the costs of firing an employee, in 1984 and the subsequent m...

The Political Economy of Employment Protection