Charles Bean's JEL article of a few years ago refuted the idea that making it hard to fire workers increased unemployment.
Ormond's book mentions that Europe's work rules have been around for fifty years, and during most of that time their growth rate exceeded that of the US.
At 04:14 11/03/05, you wrote:
At dinner this evening a friend of mine made the claim that the easier
it is to fire workers, the better the growth rate of the economy ---
"That's Germany's problem right now", he said, perhaps with good
reason.
Is there any empirical support or refutation of this?
Bill
Professor of Economics
Vesalius College of the Vrije Universiteit Brussel
Pleinlaan 2
B-1050 Brussels
Belgium
32.2.629.27.15
