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
Main Author: Vindigni, Andrea
Format: Paper
Language: English
Place of publication: 01.05.2008
Related: Institute for the Study of Labor (IZA)
Data of publication: 2008/05
Series: IZA Discussion Papers
Subjects:
Online Access: available in Bonn?
Database: RePEc IDEAS
RePEc
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