Firm-Level Shocks and Labour Flows.
We analyse how labour flows respond to permanent idiosyncratic shifts in firm-level production functions and demand curves using very detailed Swedish micro data. Shocks to firms' physical productivity have only modest effects on firm-level employment decisions. In contrast, we document rapid and su...
| Publicado en: | Economic Journal Vol. 131; no. 634; pp. 598 - 624 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Feb2021
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| 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=149178751&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 149178751 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00130133 EJN jtl: Economic Journal issn: 00130133 maglogo: N pubinfo: dt: Feb2021 vid: 131 iid: 634 pid: 622 pub: Oxford University Press / USA artinfo: ui: 149178751 10.1093/ej/ueaa087 ppf: 598 ppct: 26 formats: tig: atl: Firm-Level Shocks and Labour Flows. aug: au: Carlsson, Mikael Messina, Julián Nordström Skans, Oskar affil: Uppsala University, UCLS & Sveriges Riksbank , Sweden Inter-American Development Bank, USA & IZA , Germany Uppsala University, IFAU, UCLS, Sweden & IZA , Germany su: Demand function sug: subj: Demand function ab: We analyse how labour flows respond to permanent idiosyncratic shifts in firm-level production functions and demand curves using very detailed Swedish micro data. Shocks to firms' physical productivity have only modest effects on firm-level employment decisions. In contrast, we document rapid and substantial employment adjustments through hires and separations in response to firm-level demand shocks. The choice of adjustment margin depends on the sign of the shock: firms adjust through increased hires if these shocks are positive and through increased separations if the shocks are negative. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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