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Title page

Contents

Abstract 3

1. Introduction 4

2. Relevant literature 6

3. Data 9

3.1. Calculating hiring costs 10

3.2. Descriptive statistics 12

4. Identification strategy 15

5. Results 17

6. Discussion 21

7. Conclusions 22

References 24

Appendix A. Additional tables and figures 29

Tables

Table 1. OECD Employment Protection Legislation Index 7

Table 2. Descriptive statistics for Swiss firms 13

Table 3. Descriptive statistics for German firms 14

Table 4. Hiring costs and training - Switzerland, wave 2009 19

Table 5. Hiring costs and training - Switzerland, wave 2016 19

Table 6. Hiring costs and training - Germany, wave 2012-13 20

Table 7. Hiring costs and training - Germany, wave 2017-18 20

Appendix Tables

Table A.1. Hiring costs and training - Switzerland 29

Table A.2. Hiring costs and training - Germany 29