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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
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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
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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
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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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Firms and the Economics of Skilled Immigration
Kerr, Sari Pekkala - 2014
to date in understanding the impact of high skilled immigration from the perspective of the firm and the open areas that … call for more research. Since much of the U.S. immigration process for skilled workers rests in the hands of employer firms …
Persistent link: https://www.econbiz.de/10012458595
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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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Dynamic price competition with price adjustment costs and product differentiation
Vernasca, Gianluigi (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001776142
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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
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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