Job and worker flows in high adjustment cost settings

Jose Varejao ()

Portuguese Economic Journal, 2003, vol. 2, issue 1, No 3, 37-51

Abstract: Abstract. 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.

Keywords: Adjustment costs; Job flows; Worker flows (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s10258-002-0015-y

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