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A Positive Analysis of Targeted Employment Protection Legislation
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Juan Dolado
Veröffentlicht/Copyright:
20. Juli 2007
In many countries, Employment Protection Legislation (EPL) establishes less strict dismissal procedures for specific groups of workers. This paper builds a simple matching model with heterogeneous workers in order to analyze this feature of EPL. We use the model to analyze the effects of reforms targeted at lowering the firing costs of a particular group of workers, and compare the results with those stemming from a comprehensive reform that reduces firing costs for all workers. The model is calibrated for the Spanish economy, where an important reform of this kind took place in 1997. Overall, our results point out that EPL reforms achieve the largest reduction in unemployment when they are targeted to workers with lower and more volatile productivity.
Published Online: 2007-7-20
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Artikel in diesem Heft
- Topics Article
- To Pool or to Aggregate? Tests with a Dynamic Panel Macroeconometric Model of Australian State Labor Markets
- Economic Growth: A Channel Decomposition Exercise
- Liquidity Effects, Variable Time Preference, and Optimal Monetary Policy
- Optimal Monetary Policy, Endogenous Sticky Prices, and Multiple Equilibria
- A Simple Wicksellian Macroeconomic Model
- Confidence-Enhanced Economic Growth
- A Positive Analysis of Targeted Employment Protection Legislation
- The Political Economy of Numbers: On the Application of Benford's Law to International Macroeconomic Statistics
- Exchange Rate Regimes, Inflation and Growth in Developing Countries -- An Assessment
- Does Permanent Income Determine the Vote?
- Rich, Poor and Growth-Miracle Nations: Multiple Equilibria Revisited
- Savers, Spenders and Fiscal Policy in a Small Open Economy
- Assessing Sign Restrictions
- Euro Area Inflation Differentials
- Decomposing Consumer Wealth Effects: Evidence on the Role of Real Estate Assets Following the Wealth Cycle of 1990-2002
- Gold, Fiat Money, and Price Stability
- Housing Tenure and Wealth Distribution in Life Cycle Economies
- Fiscal Discipline and the Cost of Public Debt Service: Some Estimates for OECD Countries
- Political Sustainability of Unfunded Pensions in an Endogenous Growth Model
- Institutional Determinants of International Equity Portfolios - A Country-Level Analysis
- Contributions Article
- The Arrow Effect under Competitive R&D
- Openness, Wage Floors and Technology Change
- Explaining the Evidence on Inequality and Growth: Informality and Redistribution
- Nominal Debt Dynamics, Credit Constraints and Monetary Policy
- TFP Differences and the Aggregate Effects of Labor Mobility in the Long Run
- A Comparison of Five Federal Reserve Chairmen: Was Greenspan the Best?
- Specialization Patterns and the Factor Bias of Technology
- Inspecting the Mechanism Exactly: A Closed-form Solution to a Stochastic Growth Model
- ICT and Productivity Resurgence: A Growth Model for the Information Age
- A Macroeconomic Model of Entry with Exporters and Multinationals
- The Response of Business Fixed Investment to Changes in Energy Prices: A Test of Some Hypotheses about the Transmission of Energy Price Shocks
- Advances Article
- Stable Sunspot Equilibria in a Cash-in-Advance Economy
- Should Monetary Policy Use Long-Term Rates?
- Habit Formation and Aggregate Consumption Dynamics
- Factor Utilization and the Real Impact of Financial Crises
