Narrow search
Showing 1 - 10 of 150,229
Cover Image
Inventories, employment and hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002
associated with it. In particular, we distinguish between employment, hours and effort per worker, and allow for adjustment costs … associated with employment changes. We assume that the requirement function for effective hours has a general trans …-logarithmic form, and derive an estimable system of Euler equations for inventories and employment with implied cross …
Persistent link: https://www.econbiz.de/10011406897
Cover Image
Inventories, employment and hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002
associated with it. In particular, we distinguish between employment, hours and effort per worker, and allow for adjustment costs … associated with employment changes. We assume that the requirement function for effective hours has a general trans …-logarithmic form, and derive an estimable system of Euler equations for inventories and employment with implied cross …
Persistent link: https://www.econbiz.de/10011596499
Cover Image
Inventories, employment and hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002
Persistent link: https://www.econbiz.de/10001710174
Cover Image
Inventories, employment and hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002
Persistent link: https://www.econbiz.de/10001667569
Cover Image
Political power, resistance to technological change and economic development : evidence from the 19th century Sweden
Tyrefors, Björn; Lindgren, Erik; Pettersson-Lidbom, Per - 2017 - This version: June 16, 2017
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
Cover Image
Who works for whom? : worker sorting in a model of entrepreneurship with heterogeneous labor markets
Dinlersoz, Emin Murat; Hyatt, Henry R.; Janicki, Hubert P. - 2016
Young and small firms are typically matched with younger and nonemployed individuals, and they provide these workers with lower earnings compared to other firms. To explore the mechanisms behind these facts, a dynamic model of entrepreneurship is introduced, where individuals can choose not to...
Persistent link: https://www.econbiz.de/10011450865
Cover Image
High discounts and low fundamental surplus : an equivalence result for unemployment fluctuations
Mitra, Indrajit; Seo, Taeuk; Xu, Yu - 2021
Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they call the "fundamental surplus." However, their analysis ignores risk premia, a force that Hall (2017) shows is important in understanding unemployment fluctuations. We show how...
Persistent link: https://www.econbiz.de/10012649569
Cover Image
Quadratic labor adjustment costs, business cycle dynamics and optimal monetary policy
Lechthaler, Wolfgang; Snower, Dennis J. - 2011 - revised January 2011
We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this increases output persistence in a similar vein as other models of labor market frictions. Furthermore, it is demonstrated that quadratic labor adjustment costs imply...
Persistent link: https://www.econbiz.de/10011452084
Cover Image
Racing with or against the machine? : evidence from Europe
Gregory, Terry; Salomons, Anna; Zierahn-Weilage, Ulrich - 2018
employment effects of routine-replacing technological change (RRTC), along with the underlying mechanisms. We show that while … new jobs through increased product demand, outweighing displacement effects and resulting in net employment growth …
Persistent link: https://www.econbiz.de/10011903802
Cover Image
Racing with or against the machine? : evidence from Europe
Gregory, Terry; Salomons, Anna; Zierahn-Weilage, Ulrich - 2019
employment effects of routine-replacing technological change (RRTC), along with the underlying mechanisms. We show that while … new jobs through increased product demand, outweighing displacement effects and resulting in net employment growth …
Persistent link: https://www.econbiz.de/10011959965