From dual to unified employment protection: Transition and steady state

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Show simple item record Dolado, Juan José Lalé, Etienne Siassi, Nawid 2022-02-24T11:12:02Z 2022-02-24T11:12:02Z 2021-05-01
dc.identifier.bibliographicCitation Dolado, J. J., Lalé, E., & Siassi, N. (2021). From dual to unified employment protection: Transition and steady state. Quantitative Economics, 12(2), 547–585.
dc.identifier.issn 1759-7323
dc.description.abstract Three features of real-life reforms of dual employment protection legislation (EPL) systems are particularly hard to study through the lens of standard labor-market search models: (i) the excess job turnover implied by dual EPL, (ii) the nonretroactive nature of EPL reforms, and (iii) the transition dynamics from dual to a unified EPL system. In this paper, we develop a computationally tractable model addressing these issues. Our main finding is that the welfare gains of reforming a dual EPL system are sizeable and achieved mostly through a decrease in turnover at short job tenures. This conclusion continues to hold in more general settings featuring wage rigidities, heterogeneity in productivity upon matching, and human capital accumulation. We also find substantial cross-sectional heterogeneity in welfare effects along the transition to a unified EPL scheme. Given that the model is calibrated to data from Spain, often considered as the epitome of a labor market with dual EPL, our results should provide guidance for a wide range of reforms of dual EPL systems.
dc.format.extent 39
dc.language.iso eng
dc.publisher Wiley Open Access
dc.rights © 2021 The Authors.
dc.rights Atribución-NoComercial 3.0 España
dc.subject.other Employment protection
dc.subject.other Dualism
dc.subject.other Labor market reform
dc.subject.other Jel classification
dc.subject.other E24
dc.subject.other J63
dc.subject.other J65
dc.title From dual to unified employment protection: Transition and steady state
dc.type research article
dc.subject.eciencia Economía
dc.rights.accessRights open access
dc.identifier.publicationfirstpage 547
dc.identifier.publicationissue 2
dc.identifier.publicationlastpage 585
dc.identifier.publicationtitle Quantitative Economics
dc.identifier.publicationvolume 12
dc.identifier.uxxi AR/0000028641
dc.affiliation.dpto UC3M. Departamento de Economía
dc.type.hasVersion VoR
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