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dc.contributor.authorGUISO, Luigi
dc.contributor.authorSAPIENZA, Paola
dc.contributor.authorZINGALES, Luigi
dc.date.accessioned2007-11-02T11:10:14Z
dc.date.available2007-11-02T11:10:14Z
dc.date.issued2007
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/7498
dc.description.abstractThis 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 only the joint response of employment and wages to firm level shocks can discriminate between the two types of costs. We use matched employer-employees data for Italy to estimate the model and find that both types of costs are present, that they are sizeable (in the range of 19,000 euros in total) and that firing costs account for almost 90 percent of total adjustment costs.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherEuropean University Institute
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2007/44en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectC33en
dc.subjectD21en
dc.subjectJ63en
dc.subjectAdjustment costsen
dc.subjectmobility costsen
dc.subjectmatched employer-employees dataen
dc.titleLabor Adjustment: Disentangling Firing and Mobility Costsen
dc.typeWorking Paperen
dc.neeo.contributorGUISO|Luigi|aut|EUI70005
dc.neeo.contributorSAPIENZA|Paola|aut|
dc.neeo.contributorZINGALES|Luigi|aut|
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