Yao, Fang - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
increasing hazard of the labor
adjustment.
JEL Classification: E32; E24; C68
Keywords: business cycles; heterogeneous labor … rigidity; increasing hazard function;
Weibull distribution
1
Introduction
Micro evidence shows that, at the plant level, non …