Stähler, Nikolai (contributor) - 2006
workers accept lower wages and, therefore, the rms’
incentive of job creation increases (see Lazaer 1990). This has been con … explicitly model operational dismissals and the decision of job creation endogenously. To
introduce true disciplinary dismissals … the level of severance payments itself
has ambiguous e ects on job creation and job destruction and, therefore, on …