| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062304 | Economics Letters | 2007 | 8 Pages |
Abstract
Firing taxes have real effects only if layoffs are subsidized relative to quits, as it is Pareto optimal to label a separation a quit whenever doing so maximizes joint wealth. Given the size of layoff subsidies in OECD countries, firing taxes are an unlikely candidate to explain cross-country differences in labour market performance.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Giulio Fella,