IDEAS home Printed from https://ideas.repec.org/a/ecj/econjl/v105y1995i430p620-34.html
   My bibliography  Save this article

Labour Demand and the

Author

Listed:
  • Hamermesh, Daniel S

Abstract

To examine the importance of the two sources of costs of adjusting labor demand, net costs (of adjusting employment) and gross costs (of hiring and firing), the author collects new sets of short monthly time series from a medium-size hospital and three manufacturing plants. Models with quadratic costs and with lumpy costs are developed and yield lower bounds on the fraction of adjustment costs that are gross. The estimates demonstrate that both types of costs affect dynamic labor demand but that gross adjustment costs especially, and the turnover that generates them, deserve much more attention. Copyright 1995 by Royal Economic Society.

Suggested Citation

  • Hamermesh, Daniel S, 1995. "Labour Demand and the," Economic Journal, Royal Economic Society, vol. 105(430), pages 620-634, May.
    • Handle: RePEc:ecj:econjl:v:105:y:1995:i:430:p:620-34
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0013-0133%28199505%29105%3A430%3C620%3ALDATSO%3E2.0.CO%3B2-6&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v:105:y:1995:i:430:p:620-34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley-Blackwell Digital Licensing or Christopher F. Baum (email available below). General contact details of provider: https://edirc.repec.org/data/resssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.