regulation raises the costs of employment adjustment and hence impedes employers' ability to respond to fluctuations in demand … time, facilitate the adjustment of average hours per worker in lieu of layoffs. Building on earlier work, we compare the … adjustment of employment, hours and inventories to demand shocks in the German and U.S. manufacturing sectors. We find that, in …

and effectiveness of trade adjustment assistance. Most economists agree that protecting workers from the negative … grateful for this opportunity to discuss trade adjustment assistance with you. …