Pedro Silos

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Fixed-Term and Permanent Employment Contracts: Theory and Evidence

Staff Working Paper 2011-21 Shutao Cao, Enchuan Shao, Pedro Silos
This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment with ex-ante identical workers and employers. Workers under fixed-term contracts can be dismissed at no cost while permanent employees enjoy labor protection.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Labour markets, Potential output, Productivity JEL Code(s): H, H2, H29, J, J2, J23, J3, J38

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