Question

Question 3

Discuss the impact of employment protection program on the rate of job find in an economy.                                                                                       

Answer 1

Employment protection legislation includes all types of employment protection measures whether grounded primarily in legislation,court ruling, collectively bargained conditions of employment or customary practice.employment protection refers both to regulations concerning hiring and firing.EPL reduce the propensity to hire by employer since they fear that such decisions will be difficult to reverse in the future,in case of recession.EPL also leads firms during downswings to keep more worker employed than they would otherwise done.therefore EPL reduces both job creation and job destruction,so that the net effects on average employment and unemployment are not identified a prior