Celebrating humanity's flourishing through the spread of capitalism and the rule of law
10 Jul 2014 Leave a comment
in labour economics, macroeconomics Tags: employment protection laws, offsetting behaviour, unintended consequences
A policy designed to protect workers from unemployment, over time, will increase the duration of unemployment spells through a chilling effect on job creation. Employment protection laws are a tax on job creation. With fewer vacancies posted, the unemployed will take longer to find jobs.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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