Kiel Working Papers, Kiel Institute for World Economics
No 1559:
On the Introduction of Firing Costs
Steffen Ahrens and Dennis Wesselbaum
Abstract: This paper provides a survey of the recent literature
about firing costs and discusses the transmission channels of firing costs
in a partial equilibrium context. In addition, we expand our analysis two
types of firing costs in a New Keynesian model with purely endogenous
separations. We further distinguish between the effects resulting from
respecting and non-respecting the bonding critique. We find that the two
types of firing costs do not show significant differences. However,
respecting the bonding critique enhances the overall performance of the
model
Keywords: Beveridge Curve, Endogenous Separations, Firing Costs; (follow links to similar papers)
JEL-Codes: E24,; E32,; J64; (follow links to similar papers)
36 pages, October 2009
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