The authors compare labor adjustment practices in the US, where existing policies arguably encourage layoffs, with those in Germany, a country with much stronger job protection for workers. From their assessment of the German experience, they recommend new public policies that promote alternatives to layoffs and help reduce unemployment. Annotation copyright Book News, Inc. Portland, Or.
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The focus of our book is the examination of how labor market institutions affect the way in which companies adjust labor to changing demand conditions.
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