Demand for labour inputs and adjustment costs : evidence from Spanish manufacturing firms

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dc.contributor.author Alonso-Borrego, César
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned 2009-04-15T11:48:13Z
dc.date.available 2009-04-15T11:48:13Z
dc.date.issued 1996-04
dc.identifier.issn 2340-5031
dc.identifier.uri http://hdl.handle.net/10016/3976
dc.description.abstract This paper examines the structure of the adjustment costs for heterogeneous labour inputs, allowing for asyrnmetries and for interaction effects in adjustment costs. To do this, an intertemporal model underlying firm's employment decisions is postulated, and the resulting Euler equations for the demands of permanent nonproduction (white collar) and production (blue collar) employees are estimated using a sample of Spanish manufacturing firms. The main results confirm the heterogeneity of adjustment costs for permanent employees, and the existence of significant cross-adjustment effects. This latter result implies that marginal adjustment costs from firing permanent production employees can be reduced if temporary workers are hired at the same time. However, there is not significant evidence of asyrnmetric adjustment costs in permanent labour inputs.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Working Paper; Economics; Statistics and Econometrics
dc.relation.ispartofseries 1996-28-17
dc.relation.hasversion http://hdl.handle.net/10016/4652
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Labour Demand
dc.subject.other Heterogeneous Labour
dc.subject.other Adjustment Costs
dc.subject.other Panel Data
dc.title Demand for labour inputs and adjustment costs : evidence from Spanish manufacturing firms
dc.type workingPaper
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
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