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I think it's a useful measure of the cost to firms of firing workers across countries. That's about it.

And it's great for us that the correlation between their measure of what they think is important for a well-functioning labor market is not really all that well correlated with more objective measures like employment rates, unemployment rates, labor productivity, and so on. It really helps to nail our case. If their theories were right then the US and UK should dominate everybody else in terms of employment and productivity, and they don't.

That's why I refer to it so much.

by TGeraghty on Wed Sep 20th, 2006 at 02:59:59 AM EST
[ Parent ]
Good point.

Just like using data from the Economist or the Financial Times? ;-)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Sep 20th, 2006 at 03:55:02 AM EST
[ Parent ]
Note that in France case, the measures works both way, you have to wait to fire a worker, but this also means you don't learn friday at 6pm that a worker won't be there monday anymore to work for you.
by Laurent GUERBY on Wed Sep 20th, 2006 at 04:41:36 AM EST
[ Parent ]


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