- Publisher: Bonn: Institute for the Study of Labor (IZA)
regulations on hirings and firings | K31 | J53 | J23 | regulations on hirings and firings, employment protection legislation (EPL), labor mobility, reallocation of resources, productivity growth | labor mobility | reallocation of resources | employment protection legislation (EPL) | productivity growth
acm: ComputingMilieux_THECOMPUTINGPROFESSION | ComputingMilieux_LEGALASPECTSOFCOMPUTING
Laws on hiring and firing are intended to protect workers from unfair behavior by employers, to counter imperfections in financial markets that limit workersâ€™ ability to insure themselves against job loss, and to preserve firm-specific human capital. But by imposing costs on firmsâ€™ adaptation to changes in demand and technology, employment protection legislation may reduce not only job destruction but also job creation, hindering the efficient allocation of labor and productivity growth.