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Identifying Adjustment Costs of Net and Gross Employment Changes
Ejarque, João; Nilsen, Øivind Anti - 2021
A relatively unexplored question in dynamic labour demand regards the source of adjustment costs, whether they depend on net or gross changes in employment. We estimate a structural model of dynamic labour demand where the firm faces adjustment costs related to gross and net changes in its...
Persistent link: https://www.econbiz.de/10013324967
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Social Ties and the Job Search of Recent Immigrants
Goel, Deepti - 2016
In this paper we highlight a specific mechanism through which social networks help in job search. We characterize the strength of a network by its likelihood of providing a job offer. Using a theoretical model we show that the wage differential in jobs found using networks versus those found...
Persistent link: https://www.econbiz.de/10012990868
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The Labor Demand Effects of Refugee Immigration : Evidence from a Natural Experiment
Berbée, Paul; Brücker, Herbert; Garloff, Alfred; … - 2022
We study the labor demand effect of immigration on local labor markets by exploiting the fact that refugees in Germany … are banned from working in the first few months after arrival. This natural experiment allows isolating a pure immigration … demand effects complements the literature that isolates labor supply shocks from immigration, so as to gain a more …
Persistent link: https://www.econbiz.de/10014264550
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Measuring Immigration's Effects on Labor Demand : A Reexamination of the Mariel Boatlift
Bodvarsson, Orn B.; Lewer, Joshua J.; van den Berg, Hendrik - 2021
It is now well known that exogenous immigration shocks tend to have benign effects on native employment outcomes … the effects of an immigration shock on labor demand by testing a general equilibrium model in which imperfectly …-augmenting effect of an immigration shock is a significant secondary adjustment process that must be considered when assessing the …
Persistent link: https://www.econbiz.de/10013316921
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Adjustment Costs and Incentives to Work : Evidence from a Disability Insurance Program
Zaresani, Arezou - 2019
How important are adjustment costs for individuals when they face a change in work incentives induced by a policy change? I provide the first estimate of heterogeneous adjustment costs by exploiting a policy change that substantially increased work incentives. The policy change increased the...
Persistent link: https://www.econbiz.de/10012870390
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The Compromise Effect in Action : Lessons from a Restaurant's Menu
Pinger, Pia R. - 2016
The compromise effect refers to individuals' tendency to choose intermediate options. Its existence has been demonstrated in a large number of hypothetical choice experiments. This paper uses field data from a specialties restaurant to investigate the existence and strength of the compromise...
Persistent link: https://www.econbiz.de/10013001313
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Fiscal Competition for Imperfectly-Mobile Labor and Capital : A Comparative Dynamic Analysis
Wildasin, David E. - 2009
Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...
Persistent link: https://www.econbiz.de/10013155707
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Employment Dynamics and the Structure of Labor Adjustment Costs
Varejão, José; Portugal, Pedro - 2021
In this paper we document the patterns of employment adjustment at the micro-level. We find clear evidence of lumpy adjustment consistent with the presence of non-convexities in the adjustment technology - inaction is pervasive, action spells are short-lived, extreme adjustment episodes occur...
Persistent link: https://www.econbiz.de/10013318041
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Internal Adjustment Costs of Firm-Specific Factors and the Neoclassical Theory of the Firm
Chetty, V. K.; Heckman, James J. - 2022
This paper considers the consequences of a two-sector vertically-integrated model of firms producing output using firm-specific capital with a second sector producing firm-specific capital by adapting raw capital purchased in the market. Analysts rarely observe each sector separately....
Persistent link: https://www.econbiz.de/10014241682
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Labor Adjustment Costs in a Panel of Establishments : A Structural Approach
Ejarque, João; Portugal, Pedro - 2021
This paper estimates a structural model of the employment decision of the firm. Our establishment level data displays an extreme degree of rigidity in that employment levels are largely constant throughout our sample. This can be due to the fact that establishments face large shocks but also...
Persistent link: https://www.econbiz.de/10013316788