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

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

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

The Economics of Labor Adjustment : Mind the Gap

Cooper, Russell W. - 2001

We study the inferences about labor adjustment costs obtained by the 'gap methodology' of Caballero and Engel [1993] and Caballero, Engel and Haltiwanger [1997]. In that approach, the policy function of a manufacturing plant is assumed to depend on the gap between a target and the current level...

Persistent link: https://www.econbiz.de/10012470191

On the Nature of Capital Adjustment Costs

Cooper, Russell W. - 2000

This paper studies the nature of capital adjustment at the plant-level. We use an indirect inference procedure to estimate the structural parameters of a rich specification of capital adjustment costs. In effect, the parameters are optimally chosen to reproduce the nonlinear relationship between...

Persistent link: https://www.econbiz.de/10012470812

Factor Adjustment, Quality Change, and Productivity Growth for U.S. Manufacturing

Bernstein, Jeffrey I. - 1999

This paper accounts for quality improvements and adjustment costs in all inputs to U.S. manufacturing production. Adjustment processes for non-capital inputs are slower than previously recognized. Annual adjustment percentages are: labor 77, capital 30, energy 20, and materials 21. Factor prices...

Persistent link: https://www.econbiz.de/10012471934

Estimating Adjustment Costs with Data on Heterogeneous Capital Goods

Goolsbee, Austan - 1997

This paper estimates the micro-level costs of adjusting capital using detailed data on" investment decisions in the US airline industry. The data include the capital stock retirement, market values, operating costs, and utilization rates of 16 different types of capital" goods for each airline....

Persistent link: https://www.econbiz.de/10012472474

Quality Adjusted Cost Functions for Child Care Centers

Mocan, H. Naci - 1995

Using a newly compiled data set, this paper estimates multi- product translog cost functions for 399 child care centers from California, Colorado, Connecticut, and North Carolina. Quality of child care is controlled by a quality index, which has been shown to be positively related to child...

Persistent link: https://www.econbiz.de/10012473853

Quality Adjusted Cost Functions

Gertler, Paul J. - 1990

We propose a simple method for estimating cost functions in the presence of endogenous and unobserved quality. The theory of production, the equilibrium conditions implied by optimizing behavior, and exogenous influences on product demand are used to identify the model. An important advantage of...

Persistent link: https://www.econbiz.de/10012475479

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