Two Tier Reforms of Employment Protection: A Honeymoon Effect?
论证了边际灵活性劳动力市场改革具有过渡性的“蜜月”就业创造效应，利用意大利1995-2000年企业数据验证了改革后就业增加、就业惰性降低及劳动生产率均值和横截面方差下降的预测。
Labour market reforms increasing flexibility 'at the margin' have been recently paying out in terms of employment growth. This article argues that two-tier labour market reforms have a transitional 'honeymoon', job creating effect. In a dynamic model of labour demand under uncertainty, the article predicts that in the aftermath of reforms, beyond an increase in employment, there should be a reduction in 'employment inaction' and in the mean and cross-sectional variance of labour productivity. Based on a variety of firm-level data on Italy in the period 1995-2000, we find evidence of our empirical implications. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007.