Uncertainty and the politics of employment protection

This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result demon...

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Bibliographic details
Volume: 3509
Main Author: Vindigni, Andrea
Format: Paper
Language: English
Place of publication: Bonn Institute for the Study of Labor (IZA) 2008
published in: IZA Discussion Papers Vol. 3509
Data of publication: 2008
Subjects:
USA
Online Access: Fulltext
Database: EconStor
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