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is accounted for by the reduction in the response of employment to shocks in US establishments. Using a plant … employment adjustment. Changes in market power, as captured by changes in the curvature of the revenue function, play a minimal …
Persistent link: https://www.econbiz.de/10014472298
We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this is sufficient to increase both, output and inflation persistence. -- Monetary persistence ; labor adjustment costs
Persistent link: https://www.econbiz.de/10003757577
We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this increases output persistence in a similar vein as other models of labor market frictions. Furthermore, it is demonstrated that quadratic labor adjustment costs imply...
Persistent link: https://www.econbiz.de/10011452084
temporary severing of employment relationships followed by a phase of more standard labour market search and matching, we use … stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market …
Persistent link: https://www.econbiz.de/10013351943
The responses of working hours and employment levels to temporary negative demand shocks like those caused by the Great …
Persistent link: https://www.econbiz.de/10014331188
employment and unemployment. However, it can be seriously misleading to ignore the interrelated behavior of hours worked ….Work hours can be altered relatively speedily and flexibly, and this strongly relates to employment, labor productivity, and … unemployment outcomes. The hours–employment distinction is especially important in the evaluation of the performances of European …
Persistent link: https://www.econbiz.de/10011745353
We document that fluctuations in part-time employment play a major role in movements in hours per worker during … part-time employment. The evolution of parttime employment is predominantly explained by cyclical changes in transitions … between full-time and part-time employment. Those transitions occur overwhelmingly at the same employer, entail sizable …
Persistent link: https://www.econbiz.de/10012542456
We document that fluctuations in part-time employment play a major role in movements in hours per worker during … part-time employment. The evolution of part-time employment is predominantly explained by cyclical changes in transitions … between full-time and part-time employment. Those transitions occur overwhelmingly at the same employer, entail sizable …
Persistent link: https://www.econbiz.de/10012904591
We study the relationship between employment growth and worker flows in excess of job flows (churn) at the … establishment level using the new German AWFP dataset spanning from 1975–2014. Churn is above 5 percent of employment along the … entire employment growth distribution and most pronounced at rapidly-adjusting establishments. We find that the patterns of …
Persistent link: https://www.econbiz.de/10012945246
temporary severing of employment relationships followed by a phase of more standard labour market search and matching, we use … stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market …
Persistent link: https://www.econbiz.de/10013274013