| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10006 |
| 来源ID | Working Paper 10006 |
| The Cost of Labor Adjustment: Inferences from the Gap | |
| Russell W. Cooper; Jonathan Willis | |
| 发表日期 | 2003-10-06 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We study labor adjustment costs. We specify a dynamic optimization problem at the plant-level, allowing for both convex and non-convex adjustment costs. We estimate the parameters of the adjustment process using an indirect inference procedure in which simulated moments are matched with data moments. For this study we use estimates of reduced-form adjustment functions obtained by the gap methodology' reported in Caballero-Engel as data moments. Contrary to evidence at the micro level in support of non-convex adjustment costs, our findings indicate that piecewise quadratic adjustment costs are sufficient to match these aggregate moments. |
| 主题 | Labor Economics ; Labor Supply and Demand ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w10006 |
| 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/567630 |
| 推荐引用方式 GB/T 7714 | Russell W. Cooper,Jonathan Willis. The Cost of Labor Adjustment: Inferences from the Gap. 2003. |
| 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 | ||
| w10006.pdf（567KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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