The impact of short-term employment contracts on employment volatility and economic fluctuations

This study investigates the effects of short-term employment contracts on employment fluctuations using a dynamic model with long-term and short-term employment contracts. Numerical experiments show that an increase in the short-term employment ratio amplifies the fluctuations in total employment—when a shock to the total factor productivity occurs—because of the variations in short-term employment being larger than those in long-term employment.

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Year of publication:	2020-09-03
Authors:	Matsue, Toyoki

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Matsue, Toyoki (2020): The impact of short-term employment contracts on employment volatility and economic fluctuations.
Classification:	E24 - Employment; Unemployment; Wages ; E32 - Business Fluctuations; Cycles ; J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets
Source:	BASE

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