Arbeitspapier

Lay-off restraints, employment subsidies, and the demand for labour

The paper introduces the concept of a firm's normal employment level as a weighted average of past employment levels and it analyzes the impact of an incentive scheme in which a firm receives a reward (or pays a penalty) when it deviates above (below) its normal employment level. The result is that such an institutional setting may imply a cyclical demand in labour. Thus, institutional arrangements may .be responsible for business cycles.

Language
Englisch

Bibliographic citation
Series: Diskussionsbeiträge - Serie A ; No. 190

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Siebert, Horst
Long, Ngo Van
Event
Veröffentlichung
(who)
Universität Konstanz, Fakultät für Wirtschaftswissenschaften und Statistik
(where)
Konstanz
(when)
1984

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Siebert, Horst
  • Long, Ngo Van
  • Universität Konstanz, Fakultät für Wirtschaftswissenschaften und Statistik

Time of origin

  • 1984

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