Assesing the political viability of labour market reform : the case of employment protection
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- dc.contributor.author Saint Paul, Gillesca
- 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.date.modified 2017-07-23T02:04:13Z
- 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/pdfca
- 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.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.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- 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.title Assesing the political viability of labour market reform : the case of employment protectionca
- dc.type info:eu-repo/semantics/workingPaper