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Job and worker flows in high adjustment cost settings

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Orientador(es)

Resumo(s)

This paper analyses the relationship between the size of adjustment costs and the intensity of labor market flows. I argue that high adjustment costs inhibit adjustment to temporary shocks, leaving adjustment to long-lived shocks unchanged. Worker turnover is also reduced because of the negative impact that adjustment costs have on churning.

Descrição

Palavras-chave

Adjustment costs Job flows Worker flows

Contexto Educativo

Citação

Varejão, José M. (2001). "Job and worker flows in high adjustment cost settings". Portuguese Economic Journal, 2(1):37-51

Projetos de investigação

Unidades organizacionais

Fascículo

Editora

Springer Verlag

Licença CC

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