Labor Demand And The Structure Of Adjustment Costs
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Labor Demand And The Structure Of Adjustment Costs
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Author : Daniel S. Hamermesh
language : en
Publisher:
Release Date : 1988
Labor Demand And The Structure Of Adjustment Costs written by Daniel S. Hamermesh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Labor costs categories.
This study examines the nature of the costs that firms face in adjusting labor demand in response to shocks induced by changes in output demand and prices. Empirical work on monthly plant-level time-series data shows that adjustment proceeds in jumps. Employment is unchanged in response to small demand shocks, but moves instantaneously to a new long-run equilibrium if the shocks are large. Results in the large literature that assumes smooth adjustment are due to aggregation of this inherently nonlinear relation over subunits experiencing different shocks. The finding has implications for cyclical changes in productivity and for examining the effects of policies such as severance pay, layoff and plant-closing restrictions, and mandatory listing of job vacancies, all of which change the cost of adjusting employment
Labor Demand And The Structure Of Adjustment Costs In Japan
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Author : Andrew K. G. Hildreth
language : en
Publisher:
Release Date : 1997
Labor Demand And The Structure Of Adjustment Costs In Japan written by Andrew K. G. Hildreth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
Labor Demand And The Source Of Adjustment Costs
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Author : Daniel S. Hamermesh
language : en
Publisher:
Release Date : 1993
Labor Demand And The Source Of Adjustment Costs written by Daniel S. Hamermesh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Labor economics categories.
Labor Demand
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Author : Daniel S. Hamermesh
language : en
Publisher: Princeton University Press
Release Date : 2021-01-12
Labor Demand written by Daniel S. Hamermesh and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-12 with Business & Economics categories.
In this book Daniel Hamermesh provides the first comprehensive picture of the disparate field of labor demand. The author reviews both the static and dynamic theories of labor demand, and provides evaluative summaries of the available empirical research in these two subject areas. Moreover, he uses both theory and evidence to establish a generalized framework for analyzing the impact of policies such as minimum wages, payroll taxes, job- security measures, unemployment insurance, and others. Covering every aspect of labor demand, this book uses material from a wide range of countries.
Dynamic Labor Demand And Adjustment Costs
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Author : Giorgio Galeazzi
language : en
Publisher: Edward Elgar Publishing
Release Date : 1992
Dynamic Labor Demand And Adjustment Costs written by Giorgio Galeazzi and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
Comprises a collection of essays by various authors on the subject of labour demand and adjusted labour costs which were previously published between 1962 and 1990.
Labor Demand With Fixed Adjustment Costs
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Author : Paola Rota
language : en
Publisher:
Release Date : 1995
Labor Demand With Fixed Adjustment Costs written by Paola Rota and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Spatial And Temporal Aggregation In The Dynamics Of Labor Demand
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Author : Daniel S. Hamermesh
language : en
Publisher:
Release Date : 1992
Spatial And Temporal Aggregation In The Dynamics Of Labor Demand written by Daniel S. Hamermesh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Labor costs categories.
The paper demonstrates the general difficulty of inferring the structure of adjustment costs from aggregated, including industry data, except in the unlikely case that costs are symmetric and quadratic at the micro level. The implications of this difficulty for cross-national comparisons of adjustment costs, and for attempts to infer the structure of these costs without micro data, are examined. In the voluminous literature on dynamic labor demand studies based on annual data generally find longer lags than those that use quarterly data, which in turn produce longer lags than models estimated using monthly data. However, when a consistent set of U.S. industry time series is used, and quadratic symmetric costs are assumed, the estimated length of the lag is independent of the frequency of observation. This conclusion is clearly not general: If we assume the costs of adjusting labor demand are lumpy, inferences about their structure differ greatly depending on how often the data are observed.
A Model Of Labour Demand With Linear Adjustment Costs
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Author : Samuel Bentolila
language : en
Publisher:
Release Date : 1992
A Model Of Labour Demand With Linear Adjustment Costs written by Samuel Bentolila and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.
The Labor Market And Economic Adjustment
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Author : Pierre-Richard Agénor
language : en
Publisher: International Monetary Fund
Release Date : 1995-11-01
The Labor Market And Economic Adjustment written by Pierre-Richard Agénor and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-11-01 with Business & Economics categories.
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Labor Markets In An Era Of Adjustment Issues Papers
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Author : Susan Horton
language : en
Publisher:
Release Date : 1994
Labor Markets In An Era Of Adjustment Issues Papers written by Susan Horton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Economic stabilization categories.