The Hidden Cost of Hard-to-Fire Labor Laws: Why European Firms Don’t Take Risks

08 Mar 2026 Leave a comment

by Jim Rose in applied price theory, economics of bureaucracy, economics of regulation, entrepreneurship, labour economics, law and economics, managerial economics, organisational economics, personnel economics, property rights, Public Choice, theory of the firm, unemployment Tags: , , ,

In our textbook, Modern Principles, Tyler and I write: Imagine how difficult it would be to get a date if every date required marriage? In the same way, it’s more difficult to find a job when every job requires a long-term commitment from the employer. In two new excellent pieces, Brian Albrecht and Pieter Garicano…

The Hidden Cost of Hard-to-Fire Labor Laws: Why European Firms Don’t Take Risks

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