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Dynamic Labor Demand With Lumpy And Kinked Adjustment Costs
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Book Synopsis Dynamic Labor Demand with Lumpy and Kinked Adjustment Costs by : Paola Rota
Download or read book Dynamic Labor Demand with Lumpy and Kinked Adjustment Costs written by Paola Rota and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the dynamics of firms' employment decisions which underlie lumpy and kinked adjustment costs. We consider a dynamic structural model in which, in each period, firms face a choice of whether to vary the labor input or to postpone the adjustment to the future. By exploiting the first order condition for optimality, we derive a semi-reduced form in which firms' intertemporal employment are defined by a standard static marginal productivity condition augmented by a forward-looking term. In this way we obtain a marginal productivity equilibrium relation which takes into account the future alternatives of adjustment or non-adjustment that firms face as the result of the presence of fixed and linear adjustment costs. Linear costs amount to 35% of average labor costs, and fixed costs are estimated to be about 3.65 times average unit labor costs.
Book Synopsis Dynamic Labour Demand with Lumpy and Kinked Adjustment Costs by : Paola Rota
Download or read book Dynamic Labour Demand with Lumpy and Kinked Adjustment Costs written by Paola Rota and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labor Demand and the Source of Adjustment Costs by : Daniel S. Hamermesh
Download or read book Labor Demand and the Source of Adjustment Costs written by Daniel S. Hamermesh and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Labour Demand with Lumpy and Kinded Adjustment Costs by : Paola Rota
Download or read book Dynamic Labour Demand with Lumpy and Kinded Adjustment Costs written by Paola Rota and published by . This book was released on 1999 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Labor Demand and Adjustment Costs by : Giorgio Galeazzi
Download or read book Dynamic Labor Demand and Adjustment Costs written by Giorgio Galeazzi and published by Edward Elgar Publishing. This book was released on 1992 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Dynanic Labour Demand with Lumpy and Kinked Adjustment Costs by :
Download or read book Dynanic Labour Demand with Lumpy and Kinked Adjustment Costs written by and published by . This book was released on 1999 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Labour Demand by : Paola Rota
Download or read book Dynamic Labour Demand written by Paola Rota and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Wage-employment Bargaining with Employment Adjustment Costs by : Ben Lockwood
Download or read book Dynamic Wage-employment Bargaining with Employment Adjustment Costs written by Ben Lockwood and published by . This book was released on 1988 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Genral Model of Dynamic Labor Demand by : Daniel S. Hamermesh
Download or read book A Genral Model of Dynamic Labor Demand written by Daniel S. Hamermesh and published by . This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study derives and estimates a dynamic model of factor demand that includes both fixed and quadratic variable costs of adjustment. Using quarterly data on the employment of mechanics at seven airlines, it finds that both types of adjustment costs characterize the dynamic constraints facing employers. Using monthly data covering production-worker employment in seven manufacturing plants, it shows that only fixed costs are important. The apparent diversity of the underlying costs of adjustment means it is difficult to draw useful inferences from macroeconometric estimates. It suggests the importance of examining broader arrays of microeconomic time series describing labor demand.
Book Synopsis Aggregate employment dynamics and lumpy adjustment costs by : Daniel S. Hamermesh
Download or read book Aggregate employment dynamics and lumpy adjustment costs written by Daniel S. Hamermesh and published by . This book was released on 1990 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Empirical Study of Dynamic Labor Demand with Integrated Forcing Processes by : Robert A. Amano
Download or read book An Empirical Study of Dynamic Labor Demand with Integrated Forcing Processes written by Robert A. Amano and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we examine a version of the Sargent (1978) and Kennan (1979) labor demand model under the assumption that the forcing processes are nonstationary. We derive a simple model of dynamic labor demand and highlight the important econometric and time-series implications of the optimization problem. The empirical results are surprisingly favorable and consistent with the underlying dynamic theory. Specifically, we find estimates that imply adjustment costs are about fourfold more important than disequilibrium costs in determining the dynamic demand for labor.
Book Synopsis Labor Demand with Fixed Adjustment Costs by : Paola Rota
Download or read book Labor Demand with Fixed Adjustment Costs written by Paola Rota and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Model of Labour Demand with Linear Adjustment Costs by : Samuel Bentolila
Download or read book A Model of Labour Demand with Linear Adjustment Costs written by Samuel Bentolila and published by . This book was released on 1992 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labor Demand and the Structure of Adjustment Costs by : Daniel S. Hamermesh
Download or read book Labor Demand and the Structure of Adjustment Costs written by Daniel S. Hamermesh and published by . This book was released on 1988 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Book Synopsis Adjustment Costs and the Dynamics of U.S. Labor Supply by : M. Ishaq Nadiri
Download or read book Adjustment Costs and the Dynamics of U.S. Labor Supply written by M. Ishaq Nadiri and published by . This book was released on 1974 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dynamics of Labor Demand written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour demand with fixed adjustment costs by : Paola Rota
Download or read book Labour demand with fixed adjustment costs written by Paola Rota and published by . This book was released on 1995 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
