Labour Market Flexibility and Employment Adjustment: Micro Evidence from UK Establishments
In this paper, the authors study how firms react to demand shocks, examining how different aspects of flexibility shape their responses. Their main findings are that very few firms choose to adjust to price in response to a demand shock and that firms with more flexibility are more likely to respond to demand shocks by adjusting employment and hours. The authors' results provide a microeconomic explanation for recent macroeconomic evidence that labor input has become more closely aligned to the business cycle. Copyright 1997 by Royal Economic Society.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 49 (1997)
Issue (Month): 3 (July)
|Contact details of provider:|| Postal: |
Fax: 01865 267 985
Web page: http://oep.oupjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:49:y:1997:i:3:p:362-79. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.