Jackman, Richard; Layard, Richard; Nickell, Stephen - Centre for Economic Performance, LSE - 1996
Paper. These are: less employment protection, lower taxes on employment, and lower working hours. Our research does not … suggest that lower employment taxes or lower hours would have any long term effects; while the effects of lower employment … protection would be small. (iv) Lower employment protection has two effects. It increases hiring and thus reduces long …