Shiftwork, Adjustment Costs and Uncertainty
Abstract
I study the dynamics of shiftwork when the demand for the output of the firm is stochastic and adjusting the number of shifts entails irreversible costs. The analysis reveals the existence of a gap between the level of demand that triggers activation of a shift and the level of demand that triggers shutting it off. The higher the uncertainty about future demand, the wider this gap. I also analyze in detail the pro-cyclical labor productivity created by the use of shiftwork.Download Info
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Bibliographic Info
Article provided by De Gruyter in its journal The B.E. Journal of Macroeconomics.
Volume (Year): topics.3 (2003)
Issue (Month): 1 ()
Pages: 7
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Web page: http://www.degruyter.com
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Web: http://www.degruyter.com/view/j/bejm
Related research
Keywords: Shiftwork; Adjustment Costs; Uncertainty; Productivity;Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J39 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Other
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