Employment Protection

Gilles Saint‐Paul

in The Political Economy of Labour Market Institutions

Published in print September 2000 | ISBN: 9780198293323
Published online November 2003 | e-ISBN: 9780191596841 | DOI:
 Employment Protection

More Like This

Show all results sharing this subject:

  • Macroeconomics and Monetary Economics


Show Summary Details


This chapter studies the political support for employment protection. It is shown to be stronger, the larger the employed's rents. Another result is that if employment protection is the sole instrument, and is a continuous variable, its welfare‐maximizing level is strictly positive. However, that level is lower than the one that the employed want to choose. Also, a more intense process of obsolescence reduces the support for employment protection.

Keywords: discretionary employment protection; employment protection; productivity shocks; self‐sustaining social optima; tenure; wage‐exposure trade‐off

Chapter.  16402 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.