| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16498 |
| 来源ID | Working Paper 16498 |
| Dynamic Labor Demand in China: Public and Private Objectives | |
| Russell Cooper; Guan Gong; Ping Yan | |
| 发表日期 | 2010-10-28 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | This paper studies dynamic labor demand by private and public manufacturing plants in China. It contributes along two dimensions. First, it uncovers the objectives of public enterprises and compares them to private enterprises. Second, it estimates adjustment costs of these plants and thus their (dynamic) labor demand. One of our principal findings is that public plants maximize the discounted present value of profits without a soft-budget constraint. There is strong evidence of both quadratic and linear firing costs at the plant level. Costs of adjusting hours are small and lower for private compared to public plants. The private plants operate with considerably lower quadratic adjustment costs. The higher quadratic adjustment costs of the public plants may reflect their internalization of social costs of employment adjustment. Domestic private plants and collective plants have about the same discount factor, much lower than state controlled plants. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Nonprofits ; Other ; Economic Systems |
| URL | https://www.nber.org/papers/w16498 |
| 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/574172 |
| 推荐引用方式 GB/T 7714 | Russell Cooper,Guan Gong,Ping Yan. Dynamic Labor Demand in China: Public and Private Objectives. 2010. |
| 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 | ||
| w16498.pdf（347KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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