Saez, Emmanuel; Schoefer, Benjamin; Seim, David G. - National Bureau of Economic Research - 2023
We study the role of employment protection legislation (EPL) in boosting employment among older workers. Our analysis … juxtaposes the quantitative employment gains with the qualitative "deadwood labor" problem that such gains entail. We do so by …. Third, we estimate total equilibrium effects at the cohort level, where separations fully pass through into employment to …