TY  - RPRT
        AU  - Messina, Julián
AU  - Vallanti, Giovanna
        TI  - Job Flow Dynamics and Firing Restrictions: Evidence from Europe
        PY  - 2006/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2045
        UR  - https://www.iza.org/index.php/publications/dp2045
        AB  - We exploit homogeneous firm level data of manufacturing and non-manufacturing sectors to study the impact of firing restrictions on job flow dynamics across 14 European countries. We find that more stringent firing laws dampen the response of job destruction to the cycle, thus making job turnover less counter-cyclical. Moreover, the impact of firing costs on job creation and job destruction varies across sectors, depending on sector-specific trend growth. Our findings clearly suggest that such costs are more important in contracting than in growing sectors.
        KW  - gross job flows
KW  - Europe
KW  - business cycle
KW  - firing costs
        ER  -