Arbeitspapier

On the introduction of firing costs

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.

Language
Englisch

Bibliographic citation
Series: Kiel Working Paper ; No. 1559

Classification
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Unemployment: Models, Duration, Incidence, and Job Search
Subject
Beveridge Curve
Endogenous Separations
Firing Costs

Event
Geistige Schöpfung
(who)
Ahrens, Steffen
Wesselbaum, Dennis
Event
Veröffentlichung
(who)
Kiel Institute for the World Economy (IfW)
(where)
Kiel
(when)
2009

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Ahrens, Steffen
  • Wesselbaum, Dennis
  • Kiel Institute for the World Economy (IfW)

Time of origin

  • 2009

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