07
14:15 - 15:45
IWH Research Seminar
MAY
2018
14:15 - 15:45
Credit Shocks, Employment Protection, and Growth: Firm-level Evidence from Spain
We offer new evidence on the real effects of credit shocks in the presence of employment protection regulations by exploiting a unique provision in Spanish labor laws: dismissal rules are less stringent for Spanish firms with fewer than 50 employees, lowering the cost of hiring new workers.