Employment adjustment in German firms

Artikel

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 hiring costs. An analysis of firms' adjustment in the period 1996 - 2010 also indicates that adjustment behavior has changed over time. Comparing the employment adjustment in the two observed business cycles comprising the years 1996 - 2003 and 2004 - 2010, I find that the adjustment speed was higher in the second business cycle indicating that adjustment costs have fallen in recent years.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal for Labour Market Research ; ISSN: 2510-5027 ; Volume: 47 ; Year: 2014 ; Issue: 1-2 ; Pages: 83-106 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Truncated and Censored Models; Switching Regression Models; Threshold Regression Models ; Firm Behavior: Empirical Analysis ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Labor Demand
• Subject: Beschäftigungsentwicklung ; Personalanpassung ; Beschäftigungsschwankung ; Konjunkturabhängigkeit ; Kosten ; Kostenentwicklung ; institutionelle Faktoren ; Personalabbau ; Beschäftigerverhalten ; IAB-Betriebspanel ; Arbeitnehmerüberlassungsgesetz ; Arbeitnehmerüberlassung ; Leiharbeit ; labour turnover ; Personaleinstellung ; Westdeutschland ; Ostdeutschland ; Bundesrepublik Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Jung, Sven
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2014

Further information

• DOI: doi:10.1007/s12651-014-0159-0
• Handle: http://hdl.handle.net/10419/178321
• Last update: 10.03.2025, 11:43 AM CET