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Uncertainty and the Politics of Employment Protection

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  • Andrea Vindigni
  • Simone Scotti
  • Cristina Tealdi

Abstract

This paper investigates social preferences over employment protection regulation in a general equilibrium model of dynamic labor demand and sheds some light on the comparative dynamics of Eurosclerosis. When firing costs are low, a transition to a rigid labor market is favored by all the employed workers with idiosyncratic productivity below some threshold; when their status quo level is high, preserving a rigid labor market is favored only by the employed with intermediate productivity. A more volatile environment and a lower rate of productivity growth increase the political support for labor market rigidity only in high-rents economies.

Suggested Citation

  • Andrea Vindigni & Simone Scotti & Cristina Tealdi, 2015. "Uncertainty and the Politics of Employment Protection," Journal of Labor Economics, University of Chicago Press, vol. 33(1), pages 209-267.
    • Handle: RePEc:ucp:jlabec:doi:10.1086/678306
    DOI: 10.1086/678306
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