The relationship between the dynamics of employment on the one side and hirings and separations on the other side is crucial for the dynamics of unemployment and the labour market response to recessions. Although the average level of hiring and separation is much lower in Germany than in the US,...

"The relationship between the dynamics of employment on the one side and hirings and separations on the other side is crucial for the dynamics of unemployment and the labour market response to recessions. Although the average level of hiring and separation is much lower in Germany than in the...

Using a representative establishment data set for Germany, I show that, in line with the existing literature for several countries, firms' adjustment costs for employment are characterized by a fixed and convex functional form. Furthermore, they are asymmetric with dismissal costs exceeding...

"Using a representative establishment data set for Germany, I show that, in line with the existing literature for several countries, firms' adjustment costs for employment are characterized by a fixed and convex functional form. Furthermore, they are asymmetric with dismissal costs exceeding...