Chapter

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: http://dx.doi.org/10.1093/0198293321.003.0005
 Employment Protection

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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

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