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Adjustment Costs, Uncertainty and Employment Inertia

Una-Louise Bell

Working Papers from Banco de España

Abstract: Excessive levels of firing costs have been consistently blamed for the relatively weak employment in Europe, yet the concusions to be drawn from the literature are somewhat ambiguous. The paper re-examines the impact of adjustment costs under uncertainty.

Keywords: UNCERTAINTY; EMPLOYMENT; UNEMPLOYMENT; LABOUR MARKET (search for similar items in EconPapers)
JEL-codes: D80 D81 E24 J64 (search for similar items in EconPapers)
Pages: 46 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:9620

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