Subscribe: Oxford Economic Papers - Advance Access
Preview: Oxford Economic Papers - Advance Access

Oxford Economic Papers Advance Access

Published: Mon, 19 Mar 2018 00:00:00 GMT

Last Build Date: Mon, 19 Mar 2018 09:46:49 GMT


Partial employment protection and perceived job security: evidence from France

Mon, 19 Mar 2018 00:00:00 GMT

This paper assesses the causal effect of partial employment protection on workers’ subjective job security via the perceived probability of layoff. We consider the rise in the French Delalande tax, which is paid by private firms if they lay off older workers. This reform was restricted to large firms and therefore allows us to use a difference-in-differences strategy. In ECHP data, we find that the change in the perceived probability of layoffs induced by the higher Delalande tax improved the subjective job security of older (protected) workers, but at the cost of a negative externality on other workers. The changes in job security in both groups are of similar size, but as unprotected workers are the large majority of the sample, the population effect of the tax on layoffs was to reduce job security.

Electricity market integration and the impact of unilateral policy reforms

Mon, 12 Mar 2018 00:00:00 GMT

We investigate the impact that two German energy reforms—phase-out of nuclear power plants after the Fukushima incident and expansion of renewables due to fixed feed-in tariffs—had on neighbouring countries’ consumers. The unilateral German reforms generated substantial negative and positive impacts, respectively, in neighbouring countries with the highest overall effect of German policy found in France, not Germany; an annual negative impact on consumers of €3.15 billion. We also find significant differences in market integration between neighbouring countries by calculating ratios between the estimated policy decisions’ impacts before and after controlling for interconnector congestion.