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The Employment Protection Controversy in the Years of Labour Market Reforms (1990-2014)

Author

Listed:
  • Andrea Pacella

    (Department of Law - University of Catania, Italy)

  • Riccardo Realfonzo

    (Department of Law - Business Management and Quantitative Methods (D.E.M.M.) - University of Sannio, Italy)

  • Guido Tortorella Esposito

    (University of Economics, Prague - The Department of Economic History)

Abstract

This paper offers a deep review of the contemporary economic literature on the effects of changes in labour market institutions, employment protection in particular, on labour market performances and growth. It makes a detailed comparison between the Neo Keynesian approach and the Post Keynesian one showing that while Post Keynesian scholars share a critical view of the ineffectiveness of labour market deregulation, the Neo Keynesian paradigm contains contrasting conclusions about the outcomes of flexibility. Nevertheless, international organizations (oecd in particular), often formulate their studies and policy recommendations neglecting the complexity of the scientific debate.

Suggested Citation

  • Andrea Pacella & Riccardo Realfonzo & Guido Tortorella Esposito, 2016. "The Employment Protection Controversy in the Years of Labour Market Reforms (1990-2014)," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 24(2), pages 165-196.
    • Handle: RePEc:hid:journl:v:24:y:2016:2:7:p:165-196
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    References listed on IDEAS

    as
    1. Scoppa, Vincenzo, 2010. "Shirking and employment protection legislation: Evidence from a natural experiment," Economics Letters, Elsevier, vol. 107(2), pages 276-280, May.
    2. Agell, Jonas, 1999. "On the Benefits from Rigid Labour Markets: Norms, Market Failures, and Social Insurance," Economic Journal, Royal Economic Society, vol. 109(453), pages 143-164, February.
    3. Schmitz, Patrick W., 2004. "Job protection laws and agency problems under asymmetric information," European Economic Review, Elsevier, vol. 48(5), pages 1027-1046, October.
    4. Acemoglu, Daron & Shimer, Robert, 2000. "Productivity gains from unemployment insurance," European Economic Review, Elsevier, vol. 44(7), pages 1195-1224, June.
    5. Gagliarducci, Stefano, 2005. "The dynamics of repeated temporary jobs," Labour Economics, Elsevier, vol. 12(4), pages 429-448, August.
    6. Levine, David I, 1991. "Just-Cause Employment Policies in the Presence of Worker Adverse Selection," Journal of Labor Economics, University of Chicago Press, vol. 9(3), pages 294-305, July.
    7. Edmund S. Phelps, 1968. "Money-Wage Dynamics and Labor-Market Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 76(4), pages 678-678.
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