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We analyze the conditions under which an (S,s) rule may be derived and compare these with alternative rules. We consider the case of labor demand with fixed adjustment costs. The (S,s) rule implies a specific ordering of choices: downward adjustment, non-adjustment and upward adjustment with the...
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There is a growing concern about collective wage agreement and employment dynamics in Germany. In this paper, evidence … is provided on the way collective wage agreements affect the adjustment of working hours, employment and other production … factors when firms from the service sector are faced with demand shocks. The estimation results indicate that collective wage …
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Der Beitrag untersucht die Verbreitung von Tarifverträgen in Dienstleistungsunternehmen sowie deren Wirkungen auf die Beschäftigungspolitik im Falle von Nachfrageschwankungen. Der empirische Teil basiert auf der ZEW/Creditreform Konjunkturumfrage bei unternehmensnahen...
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