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Author(s): David Young (Directorate General for Economic and Financial Affairs)
Employment protection legislation: its economic impact and the case for reform (713 kB)
Despite the large volume of economic literature on employment protection legislation (EPL), there remain remarkable disagreements among economists and policy-makers on the subject. Many highlight the risks associated with stringent EPL, both for labour market performance and for productivity growth. Others think that worrying about EPL is largely a waste of time, since the impact is ambiguous according to economic theory and rarely of high significance in cross-country empirical studies.
This paper reviews some of the recent theory and empirical evidence.
KC-AI-03-007-EN-C (online) | |
ISBN 92-894-5834-8 (online) | |
ISSN 1016-8060 (online) | |
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