Arbeitspapier
Identifying adjustment costs of net and gross employment changes
A relatively unexplored question in dynamic labour demand regards the source of adjustment costs, whether they depend on net or gross changes in employment. We estimate a structural model of dynamic labour demand where the firm faces adjustment costs related to gross and net changes in its workforce. We focus on matching quarterly moments of hiring and of net changes in employment from a panel of establishments. The main component of adjustment costs in our panel is quadratic adjustment costs to gross changes in employment. We also estimate that adjustment costs have a large economic cost, roughly cutting the value of our establishments in half.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 3703
- Classification
-
Wirtschaft
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
- Subject
-
Employment
adjustment costs
establishment level data
structural estimation
Arbeitsnachfrage
Anpassungskosten
Statistische Bestandsanalyse
Portugal
- Event
-
Geistige Schöpfung
- (who)
-
Ejarque, João Miguel
Nilsen, Øivind Anti
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2008
- Handle
- URN
-
urn:nbn:de:101:1-20081014445
- Last update
- 10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the 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
- Ejarque, João Miguel
- Nilsen, Øivind Anti
- Institute for the Study of Labor (IZA)
Time of origin
- 2008
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Exit Dynamics with Adjustment Costs
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