Cingano, Federico; Leonardi, Marco; Messina, Julián; … - 2009
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In general the presence of dismissal costs will raise firms’ adjustments costs. For this reason
firms may have … have an ambiguous effect on labour productivity: if dismissal protections
induce firms to retain (some) unproductive … additional job security, protection
against dismissal may increase workers’ incentives to invest in firm-specific human capital …