Employment protection legislation: its economic impact and the case for reform

Author (Corporate)
Series Title
Series Details No.186, July 2003
Publication Date July 2003
ISBN 92-894-5834-8
ISSN 1016-8060
EC KC-AI-03-007-EN-C
Content Type ,

Abstract:

Despite the large volume of economic literature on employment protection legislation (EPL), there remain remarkable disagreements among economists and policy-makers on the subject. Many highlight the risks associated with stringent EPL, both for labour market performance and for productivity growth. Others think that worrying about EPL is largely a waste of time, since the impact is ambiguous according to economic theory and rarely of high significance in cross-country empirical studies. This paper reviews some of the recent theory and empirical evidence.
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