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Assesing the political viability of labour market reform : the case of employment protection

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dc.contributor.author Saint Paul, Gilles
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T12:07:51Z
dc.date.available 2017-07-26T12:07:51Z
dc.date.issued 1998-12-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=346
dc.identifier.citation Federal Reserve Bank of St. Louis, issue May 1999, pages 73-87
dc.identifier.uri http://hdl.handle.net/10230/749
dc.description.abstract We analyze the political support for employment protection legislation. Unlike my previous work on the same topic, this paper pays a lot of attention to the role of obsolescence in the growth process. In voting in favour of employment protection, incumbent employees trade off lower living standards (because employment protection maintains workers in less productive activities) against longer job duration. The support for employment protection will then depend on the value of the latter relative to the cost of the former. We highlight two key deeterminants of this trade-off: first, the workers' bargaining power, second, the economy's growth rate-more precisely its rate of creative destruction.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 346
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Assesing the political viability of labour market reform : the case of employment protection
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:04:13Z
dc.subject.keyword vintage capital
dc.subject.keyword obsolescence
dc.subject.keyword political economy
dc.subject.keyword firing costs
dc.subject.keyword creative destruction
dc.subject.keyword Macroeconomics and International Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess

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