The Effects of Employment Protection on the Choice of Risky Projects
AbstractWe consider a firm that is subject to employment protection laws that limit the firm‘s ability to fire labor. In particular, we suppose that though a firm which shuts down can fire all its workers, it may fire no fewer. Compared to a firm that is subject to no employment protection, a firm constrained in firing will prefer a risk-free project over a risky one, but may prefer the riskier of two risky projects.
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 689.
Date of creation: 2002
Date of revision:
project choice; labor protection;
Other versions of this item:
- Glazer, A. & Kanniainen, V., 2000. "The Effects of Employment Protection on the Choice of Risky Projects," University of Helsinki, Department of Economics 487, Department of Economics.
- Glazer, A. & Kanniainen, V., 2000. "The Effects of Employment Protection on the Choice of Risky Projects," Papers 00-05, California Irvine - School of Social Sciences.
- J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings
- K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
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