Publication:
Evaluating labor market reforms : a general equilibrium approach

Simple item page
dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorAlonso-Borrego, César
dc.contributor.authorFernández-Villaverde, Jesús
dc.contributor.authorGaldón Sánchez, José E.
dc.contributor.otherThe Institute for the Study of Labor. ( IZA)
dc.date.accessioned2009-07-07T13:21:47Z
dc.date.available2009-07-07T13:21:47Z
dc.date.issued2004-04
dc.description.abstractJob security provisions are commonly invoked to explain the high and persistent European unemployment rates. This belief has led several countries to reform their labor markets and liberalize the use of fixed-term contracts. Despite how common such contracts have become after deregulation, there is a lack of quantitative analysis of their impact on the economy. To fill this gap, we build a general equilibrium model with heterogeneous agents and firing costs in the tradition of Hopenhayn and Rogerson (1993). We calibrate our model to Spanish data, choosing in part parameters estimated with firm-level longitudinal data. Spain is particularly interesting, since its labor regulations are among the most protective in the OECD, and both its unemployment and its share of fixed-term employment are the highest. We find that fixedterm contracts increase unemployment, reduce output, and raise productivity. The welfare effects are ambiguous.en
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/10016/4667
dc.language.isoeng
dc.relation.ispartofseriesWorking Paperen
dc.relation.ispartofseriesDiscussion Paper No. 1129en
dc.relation.isversionofhttp://hdl.handle.net/10016/316
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 Españaen
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/en
dc.subject.ecienciaEconomíaes
dc.subject.otherFixed-term contractsen
dc.subject.otherFiring costsen
dc.subject.otherGeneral equilibriumen
dc.subject.otherHeterogeneous agentsen
dc.titleEvaluating labor market reforms : a general equilibrium approachen
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
Evaluating_WPIZA_2004.pdf
Size:
451.68 KB
Format:
Description:
Download
Collections
DE - Otros documentos
Economists Online