The estimation of asymmetric adjustment costs for the number of workers and working hours - empirical evidence from Japanese industry data

Kenji Azetsu and Mototsugu Fukushige

Applied Economics Letters, 2009, vol. 16, issue 10, pages 995-998

Abstract: Using monthly data on Japanese industries, we estimate a model of dynamic labour demand that incorporates adjustment costs for hiring and firing workers, and for changing working hours.

Date: 2009

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