Browsing Department of Economics by Subject "adjustment costs"
Now showing items 1-4 of 4
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Employment changes, the structure of adjustment costs, and plant size
(Discussion paper, Working paper, 2003-11)In this paper we analyze the pattern of employment adjustment using a rich panel of Norwegian plants. The data suggest that the frequency of episodes of zero net employment changes is inversely related to plant size. We ... -
Identifying adjustment costs of net and gross employment changes
(Discussion paper, Working paper, 2008-09)A relatively unexplored question in dynamic labour demand regards the source of adjustment costs, whether they depend on net or gross changes in employment. We estimate a structural model of dynamic labour demand where ... -
Lumpy investments, factor adjustments and productivity
(Discussion paper, Working paper, 2006-02)This paper describes firms’ output and factor demands before, during and after episodes of lumpy investment. By using a rich employer–employee panel data set for two manufacturing industries and one service industry, we ... -
Markup cyclicality and input factor adjustments
(Journal article; Peer reviewed, 2010)This paper investigates the existence of markups and their cyclical behaviour at the industry sector level. Markups are given as a price-cost relation that is estimated from a dynamic, structural model of the firm. The ...