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Authors
Advisor(s)
Abstract(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.
Description
Keywords
Adjustment costs Job flows Worker flows
Pedagogical Context
Citation
Varejão, José M. (2001). "Job and worker flows in high adjustment cost settings". Portuguese Economic Journal, 2(1):37-51
Publisher
Springer Verlag