Labour Demand and the Source of Adjustment Costs
Bibliographic Data
| ID | 9703117 |
|---|---|
| Authors | Daniel S Hamermesh (0000-0001-7927-2743, The University of Texas at Austin, corresponding author) |
| Year | 1995 |
| Volume | 105 |
| Issue | 430 |
| Pages | 620 |
| Publication date | 1995-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2235021 |
| OpenAlex | W3022271738 |
| Language | EN |
| Citations received | 10 |
| References cited | 1 |
To examine the importance of the two sources of costs of adjusting labour demand, net costs (of adjusting employment) and gross costs (of hiring and firing), I collect new sets of short monthly time series, from a medium-size hospital and three manufacturing plants. Models with quadratic costs and with lumpy costs are developed and yield lower bounds on the fraction of adjustment costs that are gross. The estimates demonstrate that both types of costs affect dynamic labour demand, but that gross adjustment costs especially, and the turnover that generates them, deserve much more attention
Agricultural economics · Econometrics · Economics · Fixed cost · Labour economics · Microeconomics · Total cost · Yield (engineering · Economic Policies and Impacts · Economic theories and models · Labor market dynamics and wage inequality
Jordan Jobs Diagnostic
The Speed of Earnings Responses to Taxation and the Role of Firm Labor Demand
Don't Downsize This! Social Reactions to Mass Dismissals on Twitter
Breaking barriers to employment
Random-Time Aggregation in Partial Adjustment Models
A Flow Approach to Industrial Sites, Firm Dynamics and Regional Employment Growth
Technological Change and older Workers’ Training
The AI revolution with 21st century skills
Vacancy Chains
Effects on Employment of Trade and Technical Change
| Unique citing works | 10 |
|---|---|
| Citations per year | 0,37 |
| Citation span | 1999 - 2026 (28) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 10 |