Daruich, Diego; Di Addario, Sabrina Lucia; Saggio, Raffaele - 2023
shared by firms with permanent workers, helping explain most of the labor costs and earnings reductions caused by the reform … employment. The reform had both winners and losers. Firms are the main winners as the reform was successful in decreasing labor … costs, leading to higher profits. By contrast, young workers are the main losers since their earnings were substantially …