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Carneiro, Anabela; Portugal, Pedro - 2010

In this paper a simultaneous-equations model of firm closing and wage determination is specified in order to analyse how wages adjust to unfavorable product demand shocks that raise the risk of displacement through firm closing, and to what extent an exogenous wage change affects the exit...

Persistent link: https://www.econbiz.de/10009640400

How wages respond to shocks: asymmetry in the speed of adjustment

Rõõm, Tairi; Dabušinskas, Aurelijus - 2011

The time series of various economic variables often exhibit asymmetry: decreases in the values tend to be sharp and fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms’ wage setting behaviour on the basis of managerial surveys, with...

Persistent link: https://www.econbiz.de/10009640829

ERM case studies: Employment impact of relocation of multinational companies across the EU

Morley, John - 2009

This report examines shifts in the pattern of production and employment between different countries and regions of … it comes to location decisions. This has inevitable consequences for employment, as companies expand production in some … locations and seek to rationalise production and employment in others. This study aims to summarise and illustrate these …

Persistent link: https://www.econbiz.de/10011998836