Electronic Resource
Berkeley, Calif.
:
Berkeley Electronic Press (now: De Gruyter)
Contributions to economic analysis & policy
4.2005, 1, art2
ISSN:
1538-0645
Source:
Berkeley Electronic Press Academic Journals
Topics:
Economics
Notes:
This paper explores the influence of on-the-job learning on the employment effect of firing costs. In the absence of on-the-job learning, the theoretical literature shows that firing costs may increase average employment (over the booms and recessions of the business cycle). We show that the existence of on-the-job learning weakens this effect. In fact, when the amount of on-the-job learning is sufficiently large, a rise in firing costs tends to reduce average employment.
Type of Medium:
Electronic Resource
URL:
http://www.bepress.com/bejeap/contributions/vol4/iss1/art2
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