, we simulate the effects of this reform on unemployment, employment, and welfare. We estimate that the CNE will lead to … countries or reforms of employment protection laws. Using a model that captures the characteristics of the French labor market …

employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …

employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …

years in case of unfair dismissal. We show, relying on data, that this regulation entails a hike in severance payments at … about four times higher than the expected severance payments at two years of seniority. Counterfactual exercises show that … the fragility of low-seniority jobs implies that layoff costs reduce the average job duration and increase unemployment …

in terms of welfare loss for the long-term unemployed workers to reduce the unemployment rate by 1% when wages are …In this paper, we investigate whether unemployment benefits should decrease with the unemployment spell in a model … is shown that a more declining time sequence of unemployment benefits leads to wage increases when the tax rate is given …

of other employment policies. …