Firing costs and productivity: Evidence from a natural experiment
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- dc.contributor.author Caggese, Andrea
- dc.contributor.author Guler, Ozan
- dc.contributor.author Mariathasan, Mike
- dc.contributor.author Mulier, Klaas
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2024-11-14T10:09:27Z
- dc.date.available 2024-11-14T10:09:27Z
- dc.date.issued 2022-11-01
- dc.date.modified 2024-11-14T10:08:48Z
- dc.description.abstract This paper investigates the effect of firing costs on total factor productivity (TFP) and resource allocation. Exploiting heterogeneous changes in firing costs across employee types in Belgium, we find that increasing firing costs reduce firm-level TFP. Firms facing a net increase in firing costs reduce hiring and firing, increase hours worked per employee, adjust the composition of their workforce away from employee types whose firing costs have increased, and rely more on outsourced employees. Instead, we find no evidence of capital-intensive technology adoption. The decline in TFP is smaller for firms with better access to credit.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1853
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/68526
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1853
- 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 firing costs
- dc.subject.keyword employment protection
- dc.subject.keyword productivity
- dc.subject.keyword misallocation
- dc.subject.keyword Finance and Accounting
- dc.title Firing costs and productivity: Evidence from a natural experiment
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper