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

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

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

On What States Do Prices Depend? Answers From Ecuador

Benedict, Craig - 2016

In this paper, we argue that differences in the cost structure across sectors play an important role in the decision of firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between producers and consumers. An important facet of our...

Persistent link: https://www.econbiz.de/10012456172

How Exporters Grow

Fitzgerald, Doireann - 2016

We document how export quantities and prices evolve after entry to a market. Controlling for marginal cost, and taking account of selection on idiosyncratic demand, there are economically and statistically significant dynamics of quantities, but no dynamics of prices. To match these facts, we...

Persistent link: https://www.econbiz.de/10012456737

Small and Large Price Changes and the Propagation of Monetary Shocks

Alvarez, Fernando - 2014

We document the presence of both small and large price changes in individual price records from the CPI in France and the US. After correcting for measurement error and cross-section heterogeneity, the size-distribution of price changes has a positive excess kurtosis. We propose an analytical...

Persistent link: https://www.econbiz.de/10012458509

(Q,S,s) Pricing Rules

Burdett, Kenneth - 2013

We study the effect of menu costs on the pricing behavior of sellers and on the cross-sectional distribution of prices in the search-theoretic model of imperfect competition of Burdett and Judd (1983). We find that, when menu costs are small, the equilibrium is such that sellers follow a (Q,S,s)...

Persistent link: https://www.econbiz.de/10012459567

Are Sticky Prices Costly? Evidence From The Stock Market

Gorodnichenko, Yuriy - 2013

We propose a simple framework to assess the costs of nominal price adjustment using stock market returns. We document that, after monetary policy announcements, the conditional volatility rises more for firms with stickier prices than for firms with more flexible prices. This differential...

Persistent link: https://www.econbiz.de/10012459801

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