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Job and worker flows in high adjustment cost settings

Author

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  • José M. Varejão

    (Faculdade de Economia do Porto and CETE,)

Abstract

. This paper analyses the relationship between the size of adjustment costs and the intensity of labor market flows. I argue that high adjustment costs inhibit adjustment to temporary shocks, leaving adjustment to long-lived shocks unchanged. Worker turnover is also reduced because of the negative impact that adjustment costs have on churning.

Suggested Citation

  • José M. Varejão, 2003. "Job and worker flows in high adjustment cost settings," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 2(1), pages 37-51, April.
    • Handle: RePEc:spr:portec:v:2:y:2003:i:1:d:10.1007_s10258-002-0015-y
    DOI: 10.1007/s10258-002-0015-y
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    Cited by:

    1. José Varejão & Pedro Portugal, 2007. "Employment Dynamics and the Structure of Labor Adjustment Costs," Journal of Labor Economics, University of Chicago Press, vol. 25(1), pages 137-165.
    2. Pedro Portugal & José Varejão, 2022. "Why do firms use fixed-term contracts?," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 21(3), pages 401-421, September.
    3. Oivind A. Nilsen & Joao M. Ejarque, 2007. "Identifying Adjustment Costs of Net and Gross Employment Changes," 2007 Meeting Papers 670, Society for Economic Dynamics.
    4. Anabela Carneiro & José Varejão, 2012. "Establishment Turnover and the Evolution of Wage Inequality," CEF.UP Working Papers 1202, Universidade do Porto, Faculdade de Economia do Porto.
    5. Jose Varejao & Anabela Carneiro, 2005. "Plant Turnover and the Evolution of Regional Inequalities," ERSA conference papers ersa05p709, European Regional Science Association.

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