| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20473 |
| 来源ID | Working Paper 20473 |
| Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News | |
| Cosmin Ilut; Matthias Kehrig; Martin Schneider | |
| 发表日期 | 2014-09-11 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | Concave hiring rules imply that firms respond more to bad shocks than to good shocks. They provide a unified explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate countercyclical movement in both aggregate conditional “macro” volatility and cross-sectional “micro” volatility, as well as negative skewness in the cross-section and in the time series at different levels of aggregation. Concave establishment-level responses of employment growth to TFP shocks estimated from Census data induce significant skewness, movements in volatility and amplification of bad aggregate shocks. |
| 主题 | Microeconomics ; Households and Firms ; Economics of Information ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w20473 |
| 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/578145 |
| 推荐引用方式 GB/T 7714 | Cosmin Ilut,Matthias Kehrig,Martin Schneider. Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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