Labour Turnover Costs and Average Labour Demand

Giuseppe Bertola

No 601, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The effect of labour turnover costs on average employment in a partial equilibrium model of labour demand, depends on the form of the revenue function, on the rates of discount and labour attrition, and on the relative size of hiring and firing costs. If discount and attrition rates are strictly positive, firing costs may well increase average employment even when hiring costs reduce it.

Keywords: Job Security; Labour Contracts; Turnover Costs (search for similar items in EconPapers)
JEL-codes: J23 J63 (search for similar items in EconPapers)
Date: 1991-12
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Citations: View citations in EconPapers (12)

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Related works:
Journal Article: Labor Turnover Costs and Average Labor Demand (1992)
Working Paper: Labor Turnover Costs and Average Labor Demand (1991)
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