Miki, Malul; Mosi, Rosenboim; Tal, Shavit; Yedidia, … - In: Global Economy Journal 11 (2011) 2, pp. 1-14
This paper explores the role of employment protection when powerful external crises reduce demand for products. We first present a theoretical framework that shows that employment protection has a U-shaped effect on abnormal unemployment during a negative exogenous shock to an economy. Using...