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Small arms often do not change their number of employees from year to year. This paper investigates the role of adjustment costs and indivisibility of labor in the employment stickiness of manufacturing arms with less than 75 employees. When small arms have to adjust employment in units of at...
Persistent link: https://www.econbiz.de/10003337252
This paper shows that adjustment costs modelled as firing costs of moderate size go a long way in explaining the variability and counter-cyclicality of the labour share at the firm and aggregate level. Firing costs cause firms to fire less in recessions and hire less in booms causing wage costs...
Persistent link: https://www.econbiz.de/10003484210
members - Germany, France, Italy and Spain. For that purpose we use Bayesian VARs with identification based on a combination …
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a variety of institutional pensions schemes. The study contrasts pension system regulation in Denmark, Finland, Germany …
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Germany are strongly correlated with general changes in disposable incomes. This means that, after introducing controls …, virtually every successive birth cohort in Germany and the United States had increasing disposable incomes, similar to general …. Thus, while economic growth benefits all birth cohorts in the United States and Germany, pre-1950 birth cohorts in France …
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