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Kessing, Sebastian (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001790272

Labor Demand and the Source of Adjustment Costs

Hamermesh, Daniel S. - 1993

Most models of dynamic labor demand are written in terms of costs of adjusting employment (net adjustment costs). A few are based on the costs of hiring and firing (gross adjustment costs). This study derives several models containing both types of adjustment costs. A dynamic-programming model...

Persistent link: https://www.econbiz.de/10012474557

Labor Demand and the Structure of Adjustment Costs

Hamermesh, Daniel S. - 1988

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...

Persistent link: https://www.econbiz.de/10012476491

Dynamics of Labor Demand : Evidence from Plant-level Observations and Aggregate Implications

Cooper, Russel W. - 2004

This paper studies the dynamics of labor demand at the plant and aggregate levels. The correlation of hours and employment growth is negative at the plant level and positive in aggregate time series. Further, hours and employment growth are about equally volatile at the plant level while hours...

Persistent link: https://www.econbiz.de/10012468397

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

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

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

Closing Small Open Economy Models

Schmitt-Grohe, Stephanie - 2002

The small open economy model with incomplete asset markets features a steady state that depends on initial conditions and equilibrium dynamics that possess a random walk component. A number of modifications to the standard model have been proposed to induce stationarity. This paper presents a...

Persistent link: https://www.econbiz.de/10012469439

Industry Dynamics with Adjustment Costs

Hall, Robert E. - 2002

Adjustment costs determine the dynamics of the response of an industry's output to a shift in demand. Absent any adjustment costs, an increase in demand not accompanied by any change in factor prices raises output, labor, capital, and materials in the same proportion. In the presence of...

Persistent link: https://www.econbiz.de/10012469866

Trade Openness and Investment Instability

Razin, Assaf - 2002

In the presence of lumpy investment cost of adjustment, globalization may have non-conventional effects on the level of investment and its cyclical behavior. Trade openness may lead to a discrete 'jump' in the level of investment, as it may trigger a discrete change in the terms of trade. Such a...

Persistent link: https://www.econbiz.de/10012469888

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