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Autores
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
Editora
Springer Verlag
