The economics of labor adjustment
mind the gap
Our rough guess is there are 6,000 words in this book.
At a pace averaging 250 words per minute, this book will take 0 hours and 24 minutes to read. With a half hour per day, this will take 1 days to read.
How long will it take you?
This book will take an estimated to read at a reading speed averaging words per minute. With 30 minutes per day, this will take to read.
Enter your reading speedYou can take one of our WPM reading speed tests to find your reading speed.
Create a free account to track your reading progress, build your reading list, and set reading goals.
Author
Contributions
- Willis, Jonathan L. - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2001 - National Bureau of Economic Research, Cambridge, MA, Massachusetts
Language
English
Word Count
6,000 words, Guess
Page Count
24 pages
Identifiers
- OCLC Control Number48245492
- Open LibraryOL22428817M
Classifications
- LCCHB1
Description
"We study inferences about the dynamics of labor adjustment obtained by the "gap methodology" of Caballero and Engel [1993] and Caballero, Engel and Haltiwanger [1997]. In that approach, the policy function for employment growth is assumed to depend on an unobservable gap between the target and current levels of employment. Using time series observations, these studies reject the partial adjustment model and find that aggregate employment dynamics depend on the cross-sectional distribution of employment gaps. Thus, nonlinear adjustment at the plant level appears to have aggregate implications. We argue that this conclusion is not justified: these findings of nonlinearities in time series data may reflect mismeasurement of the gaps rather than the aggregation of plant-level nonlinearities"--Federal Reserve Bank of Minneapolis web site.
Subjects
Links
Other Editions
- The economics of labor adjustment: mind the gap
Reader Reviews
No reviews yet for this book.
Be the first to share your thoughts!