Showing 1 - 10 of 1,547
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
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
-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … price sector influence aggregate demand and, for monetary policy to have its desired effect, the central bank has to …
Persistent link: https://www.econbiz.de/10013139035
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand …
Persistent link: https://www.econbiz.de/10013104681
This paper develops a pseudo-panel approach to examine household electricity demand behavior through the household life … evidence that the income elasticity of French residential electricity demand is 0.22, averaged over our four cohorts of …
Persistent link: https://www.econbiz.de/10013251547
We study a parent's demand for gratitude from his child. We view this demand as an intervening variable between the … parent's earnings and the incidence of child labor. The demand for gratitude arises from the desire of a parent to receive …
Persistent link: https://www.econbiz.de/10014083886
sizes and child-to-staff ratios with the universe of online job postings to study the impact of regulations on the demand … that child care regulations may reduce the demand for child care labor, while simultaneously altering the composition of …
Persistent link: https://www.econbiz.de/10014087466
We examine theoretically demand in a two-good economy where the demand of one good is influenced by either a spillover … similar choices as others. A positive spillover effect increases the demand for the good with interactions, and a conformity … effect makes the demand curve pivot around the average market demand to make demand less price sensitive. The collateral …
Persistent link: https://www.econbiz.de/10013325010
Financial frictions are known to raise the volatility of economies to shocks (e.g. Bernanke andGertler 1989). We follow … this line of research to the labor literature concerned by the volatility of labor market outcomes to productivity shocks … are a good candidate to solve the volatility puzzle and rejoin Pissarides (2009) in arguing that hiring costs must be …
Persistent link: https://www.econbiz.de/10013139045
volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …
Persistent link: https://www.econbiz.de/10013107467