Browsing Department of Economics (ECO) by Subject "Adjustment costs"

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Browsing Department of Economics (ECO) by Subject "Adjustment costs"

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    Title: Labor-Market Volatility in the Search-And-Matching Model: The Role of Investment-Specific Technology Shocks  Author(s): FACCINI, Renato; ORTIGUEIRA, Salvador Date: 2010 Type of Publication: Article Abstract: Shocks to investment-specific technology have been identified as a main source of U.S. aggregate output volatility. In this paper, we present a model with frictions in the labor market and explore the contribution of these ...
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    Title: Labor Adjustment: Disentangling Firing and Mobility Costs  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies the costs of adjusting employment, distinguishing between firms’ firing and workers’ mobility costs. We construct a simple dynamic general equilibrium model of labor demand and supply and show that ...