Está aqui

Employment Dynamics and the Structure of Labor Adjustment Costs

Autores 
José Varejão
Ano de Divulgação 
2003
Código JEL 
J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment
J63 - Turnover; Vacancies; Layoffs
Resumo 
In this paper we discuss the structure of labor adjustment costs in relationship to the dynamics of job and worker flows. Using high frequency data, we document a previously unsuspected degree of lumpiness in employment adjustment, which is characteristic of non-convex adjustment costs. By means of the statistical analysis of duration data, we relate that lumpiness to the structure of adjustment costs and not to the structure of shocks.
Link para documento 
Tags