@techreport{1db90316ba1843358a14a7c283f1a645,
title = "Dundee Discussion Papers in Economics 206: Aging and job security",
abstract = "We model a firm{\textquoteright}s choice as to the age composition of dismissed workers for different assumptions about the level of firing costs. We find that when the cost of firing is independent of age, a higher level of firing costs will induce firms to fire their younger workers while lower costs induce them to fire the older ones. A corresponding effect is not found in the age dimension of the hiring decision. It follows that job protection favours more senior workers even when the cost of firing is independent of age and seniority.",
keywords = "Age-structure, Tenure, Firing decisions, Real options",
author = "Yu-Fu Chen and Gylfi Zoega",
year = "2007",
language = "English",
series = "Dundee Discussion Papers in Economics",
publisher = "University of Dundee",
number = "206",
type = "WorkingPaper",
institution = "University of Dundee",
}