| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8527 |
| 来源ID | Working Paper 8527 |
| The Economics of Labor Adjustment: Mind the Gap | |
| Russell W. Cooper; Jonathan L. Willis | |
| 发表日期 | 2001-10-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We study the inferences about labor adjustment costs obtained by the 'gap methodology' of Caballero and Engel [1993] and Caballero, Engel and Haltiwanger [1997]. In that approach, the policy function of a manufacturing plant is assumed to depend on the gap between a target and the current level of employment. Using time series observations, these studies reject the quadratic cost of adjustment model and find that aggregate employment dynamics depend on the cross sectional distribution of employment gaps. We argue that these conclusions may not be justified. Instead these findings may reflect difficulties measuring the gap. Thus it appears that the gap methodology, as currently employed, may be unable to: (i) identify the costs of labor adjustment and (ii) assess the aggregate implications of labor adjustment costs. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Market Structures |
| URL | https://www.nber.org/papers/w8527 |
| 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/566131 |
| 推荐引用方式 GB/T 7714 | Russell W. Cooper,Jonathan L. Willis. The Economics of Labor Adjustment: Mind the Gap. 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 | ||
| w8527.pdf（802KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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