Employment Dynamics and the Structure of Labor Adjustment Costs
Pedro Portugal and
Jose Varejao ()
Working Papers from Banco de Portugal, Economics and Research Department
In this paper we discuss the structure of labor adjustment costs in relationship to the dynamics of job and worker flows. Using high frequency data, we document a previously unsuspected degree of lumpiness in employment adjustment, which is characteristic of non-convex adjustment costs. By means of the statistical analysis of duration data, we relate that lumpiness to the structure of adjustment costs and not to the structure of shocks.
JEL-codes: J23 J63 (search for similar items in EconPapers)
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Journal Article: Employment Dynamics and the Structure of Labor Adjustment Costs (2007)
Working Paper: Employment Dynamics and the Structure of Labor Adjustment Costs (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:w200312
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