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 …

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 …

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 …

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 …

labor hording occurs the employment cycle should be less extreme than the production cycle. Since December 2007 when there … employment. During the same period, real GDP fell by 1.25%. This paper presents a different view of the demand for labor that is … based on Baumol's (1952) cost minimization paradigm for determining the optimal level of inventories …