The Life Cycle Implications of Temporary Employment Contracts

• 成果类型: Article
• 署名作者: Kaiser, Rosemary
• 署名单位: Rutgers University System; Rutgers University New Brunswick
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MACROECONOMICS
• ISSN/ISSBN: 1945-7707
• DOI: 10.1257/mac.20230376
• 发表日期: 2026
• 关键词: fixed-term contracts; job destruction; flexibility; PROTECTION; search

摘要

Employment protections often create two-tiered labor markets with substantial differences in job security. I estimate the effects of removing these protections using a quantitative life cycle model, where younger workers are more likely to select into precarious jobs. Workers accumulate human capital when employed and face the possibility of human capital losses in unemployment. Because workers with greater job security experience fewer unemployment spells, they tend to accumulate more human capital over their careers. I show that reducing employment protections boosts younger workers' job-finding rates but lowers human capital, GDP, and employment. Impacts of these policies differ significantly by age.