Labour Turnover Costs and Average Labour Demand

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.

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Year of publication:	1991-12
Authors:	Bertola, Giuseppe
Institutions:	C.E.P.R. Discussion Papers
Subject:	Job Security \| Labour Contracts \| Turnover Costs

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 601
Classification:	J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; J63 - Turnover; Vacancies; Layoffs
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005791291