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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
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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
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Inventories, Employment and Hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2004
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/10014118351
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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
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The Allocation of Non-Leisure Time and the Price of Capital : A Model Applied Empirically to the Wage Curve
Gerba, Eddie - 2014
market activities over the business cycle are primarily accommodated by changes in employment rather than in wages and … variations in the price of assets play a pivotal role in explaining variations in employment and in wage rates …
Persistent link: https://www.econbiz.de/10012708771
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Who Works for Whom? Worker Sorting in a Model of Entrepreneurship with Heterogeneous Labor Markets
Dinlersoz, Emin - 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/10013005155
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Who Works for Whom? Worker Sorting in a Model of Entrepreneurship with Heterogeneous Labor Markets
Dinlersoz, Emin - 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/10012999532
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The Relationship between the Indivisibility of Labor, the Wage Equation and the Hazard Rate of Unemployment
Das, Dipankar; Mukherjee, Shrabana - 2021
The paper attempts to build a wage equation, bringing in the concept of indivisibility of labor, and aims at finding out how complete wage equation reduces the immediate unemployment rate or the hazard rate of unemployment.This paper formally derives the standard wage equation considering all...
Persistent link: https://www.econbiz.de/10013216747
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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
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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