| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10297 |
| 来源ID | Working Paper 10297 |
| Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications | |
| Russel W. Cooper; John C. Haltiwanger; Jonathan Willis | |
| 发表日期 | 2004-02-09 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This paper studies the dynamics of labor demand at the plant and aggregate levels. The correlation of hours and employment growth is negative at the plant level and positive in aggregate time series. Further, hours and employment growth are about equally volatile at the plant level while hours growth is much less volatile than employment growth in the aggregate data. Given these differences, we specify and estimate the parameters of a plant-level dynamic optimization problem using simulated method of moments to match plant-level observations. Our findings indicate that non-convex adjustment costs are critical for explaining plant-level moments on hours and employment. Aggregation generates time series implications which are broadly consistent with observation. Further, we find that a model with quadratic adjustment costs alone can also broadly match the aggregate facts. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w10297 |
| 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/567925 |
| 推荐引用方式 GB/T 7714 | Russel W. Cooper,John C. Haltiwanger,Jonathan Willis. Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications. 2004. |
| 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 | ||
| w10297.pdf（343KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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