| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Dynamic Labour Demand with Lumpy and Kinked Adjustment Costs | |
| Paola Rota | |
| 发表日期 | 2001 |
| 出处 | Economy and Society |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We analyse the dynamics of firms' employment decisions which underlie lumpy and kinked adjustment costs. We consider a dynamic structural model in which, in each period, firms face a choice of whether to vary the labour input or to postpone the adjustment to the future. By exploiting the first order condition for optimality, we derive a semi-reduced form in which firms' intertemporal employment are defined by a standard static marginal productivity condition augmented by a forward-looking term. In this way we obtain a marginal productivity equilibrium relation which takes into account the future alternatives of adjustment or non-adjustment that firms face as the result of the presence of fixed and linear adjustment costs. Linear costs amount to 35% of average labour costs and fixed costs are estimated to be about 3.65 times average unit labour costs. |
| 特色分类 | J32C23 |
| 关键词 | adjustment costs,dynamic labour demand,discrete decision process |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/dynamic-labour-demand-with-lumpy-and-kinked-adjustment-costs/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116623 |
| 推荐引用方式 GB/T 7714 | Paola Rota. Dynamic Labour Demand with Lumpy and Kinked Adjustment Costs. 2001. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2001-020.pdf（743KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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