STRUCTURAL ESTIMATION OF LABOR ADJUSTMENT COSTS WITH TEMPORALLY DISAGGREGATED DATA.
I estimate a dynamic optimization model of labor adjustment of establishments based on data that permit: specifying any desired adjustment frequency; estimating the model based on net and on gross employment flows; and allowing for simultaneous hirings and separations. The unit of observation is an...
| Publicado en: | Economic Inquiry Vol. 57; no. 4; pp. 1939 - 1963 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Oct2019
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=138089067&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 138089067 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Oct2019 vid: 57 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 138089067 10.1111/ecin.12804 ppf: 1939 ppct: 24 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 352KB tig: atl: STRUCTURAL ESTIMATION OF LABOR ADJUSTMENT COSTS WITH TEMPORALLY DISAGGREGATED DATA. aug: au: Yaman, Firat affil: Department of Economics, City, University of London, Northampton Square, London EC1V 0HB, UK su: Employment changes Employment Labor demand Macroeconomics Job creation sug: subj: Employment changes Employment Labor demand Macroeconomics Job creation ab: I estimate a dynamic optimization model of labor adjustment of establishments based on data that permit: specifying any desired adjustment frequency; estimating the model based on net and on gross employment flows; and allowing for simultaneous hirings and separations. The unit of observation is an establishment. Results for adjustment costs depend crucially on the model specification. Only a monthly adjustment model yields cost parameters in a reasonable range, while estimates from quarterly and annual adjustment models imply negative or excessive adjustment costs. Estimating the model on net employment changes implies hiring and separation costs of four annual median salaries, while the model on gross changes implies costs on the order of 1.7 annual median salaries. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|