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
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Englisch
- Bibliographic citation
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Series: Diskussionsbeiträge - Serie A ; No. 190
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Siebert, Horst
Long, Ngo Van
- Event
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Veröffentlichung
- (who)
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Universität Konstanz, Fakultät für Wirtschaftswissenschaften und Statistik
- (where)
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Konstanz
- (when)
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1984
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Siebert, Horst
- Long, Ngo Van
- Universität Konstanz, Fakultät für Wirtschaftswissenschaften und Statistik
Time of origin
- 1984