| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6809 |
| 来源ID | Working Paper 6809 |
| Organizational Flexibility and Employment Dynamics at Young and Old Plants | |
| Jeffrey R. Campbell; Jonas D.M. Fisher | |
| 发表日期 | 1998-11-01 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | There are significant differences in the dynamics of employment over the business cycle between young and old manufacturing plants. Young plants are more sensitive to aggregate disturbances, and they respond to them along different margins. We interpret these differences as reflecting greater organizational flexibility at young plants due to the changing nature of a plant's environment as it ages. In the presence of aggregate uncertainty, differences between young and old plants' organizational flexibility allows the model to reproduce their distinct cyclical characteristics. Previous empirical studies show that small firms generally respond by more to aggregate shocks than do large firms. To the extent that small firms tend to operate young plants, our analysis suggests an alternative to conventional explanations of this evidence which appeal to imperfections in credit markets. |
| 主题 | Macroeconomics ; Consumption and Investment ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w6809 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564318 |
| 推荐引用方式 GB/T 7714 | Jeffrey R. Campbell,Jonas D.M. Fisher. Organizational Flexibility and Employment Dynamics at Young and Old Plants. 1998. |
| 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 | ||
| w6809.pdf（1583KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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