Job and worker flows in high adjustment cost settings
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 imp...
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| Format: | article |
| Language: | eng |
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2018
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| Online Access: | http://hdl.handle.net/10400.5/15468 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/15468 |