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The estimation of asymmetric adjustment costs for the number of workers and working hours : empirical evidence from Japanese industry data
Azetsu, Kenji; Fukushige, Mototsugu - In: Applied economics letters 16 (2009) 10/12, pp. 995-998
Persistent link: https://www.econbiz.de/10003886598
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The Estimation of Asymmetric Adjustment Costs for the Number of Workers and Working Hours |Empirical Evidence from Japanese Industry Data
Azetsu, Kenji; Fukushige, Mototsugu - Graduate School of Economics, Osaka University - 2005
In this paper, we investigate the asymmetry of adjustment costs for labour. Using monthly data on Japanese industries, we estimate a model of dynamic labour demand that incorporates adjustment costs for hiring and firing workers, and for changing working hours. Our estimates suggest the...
Persistent link: https://www.econbiz.de/10005773295