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Essays on employment protection
Kessing, Sebastian (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001790272
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Inventories, employment and hours
Galeotti, Marzio (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001660350
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Partial Adjustment without Apology
King, Robert G. - 2003
Many kinds of economic behavior appear to be governed by discrete and occasional individual choices. Despite this, econometric partial adjustment models perform relatively well at the aggregate level. Analyzing the classic employment adjustment problem, we show how discrete and occasional...
Persistent link: https://www.econbiz.de/10012468751
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The Analytics of the Wage Effect of Immigration
Borjas, George J. - 2009
The theory of factor demand has important implications for the study of the impact of immigration on wages. This paper … theory can be used to check the plausibility of the many contradictory claims that appear throughout the immigration …
Persistent link: https://www.econbiz.de/10012463851
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The Labor Demand Curve is Downward Sloping : Reexamining the Impact of Immigration on the Labor Market
Borjas, George J. - 2003
Immigration is not evenly balanced across groups of workers that have the same education but differ in their work … market impact of immigration by exploiting this variation in supply shifts across education-experience groups. I assume that … substitutes. The analysis indicates that immigration lowers the wage of competing workers: a 10 percent increase in supply reduces …
Persistent link: https://www.econbiz.de/10012468943
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Investment spending, equilibrium indeterminacy, and the interactions of monetary and fiscal policy
Lubik, Thomas A. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001735678
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Optimal price setting with observation and menu costs
Alvarez, Fernando E. - 2010
We model the optimal price setting problem of a firm in the presence of both information and menu costs. In this problem the firm optimally decides when to collect costly information on the adequacy of its price, an activity which we refer to as a price "review". Upon each review, the firm...
Persistent link: https://www.econbiz.de/10012462800
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Bounds on Elasticities with Optimization Frictions : A Synthesis of Micro and Macro Evidence on Labor Supply
Chetty, Raj - 2009
How can price elasticities be identified when agents face optimization frictions such as adjustment costs or inattention? I derive bounds on structural price elasticities that are a function of the observed effect of a price change on demand, the size of the price change, and the degree of...
Persistent link: https://www.econbiz.de/10012463033
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Monetary Non-Neutrality in a Multi-Sector Menu Cost Model
Nakamura, Emi - 2008
Empirical evidence suggests that as much as 1/3 of the U.S. business cycle is due to nominal shocks. We calibrate a multi-sector menu cost model using new evidence on the cross-sectional distribution of the frequency and size of price changes in the U.S. economy. We augment the model to...
Persistent link: https://www.econbiz.de/10012464646
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Monopoly and the Incentive to Innovate When Adoption Involves Switchover Disruptions
Holmes, Thomas J. - 2008
When considering the incentive of a monopolist to adopt an innovation, the textbook model assumes that it can instantaneously and seamlessly introduce the new technology. In fact, firms often face major problems in integrating new technologies. In some cases, firms have to (temporarily) produce...
Persistent link: https://www.econbiz.de/10012464783