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
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Englisch
- Bibliographic citation
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Series: Kiel Working Paper ; No. 1559
- Classification
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Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Unemployment: Models, Duration, Incidence, and Job Search
- Subject
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Beveridge Curve
Endogenous Separations
Firing Costs
- Event
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Geistige Schöpfung
- (who)
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Ahrens, Steffen
Wesselbaum, Dennis
- Event
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Veröffentlichung
- (who)
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Kiel Institute for the World Economy (IfW)
- (where)
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Kiel
- (when)
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2009
- Handle
- Last update
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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