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Demand for Labor: The Neglected Side of the Market

Daniel S. Hamermesh

Corrado Giulietti (ed.)

Published in print:
2017
Published Online:
March 2017
ISBN:
9780198791379
eISBN:
9780191833847
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198791379.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

The book collects essays that revolve around the general topic of employers’ demand for labour. The focus is on labour differentiated by hours and workers, by hires, fires, quits and promotions. ... More


Standing Facilities and the Interest Rate Corridor

Ulrich Bindseil

in Monetary Policy Operations and the Financial System

Published in print:
2014
Published Online:
October 2014
ISBN:
9780198716907
eISBN:
9780191785559
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198716907.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

First, this chapter explains the different types of standing facilities (borrowing facilities, discount facility, Lombard facility, deposit facility) and their origins. Second, two models of the role ... More


Spectral Analysis of the Relation between Gross Employment Changes and Output Changes, 1958–1966

Daniel S. Hamermesh

in Demand for Labor: The Neglected Side of the Market

Published in print:
2017
Published Online:
March 2017
ISBN:
9780198791379
eISBN:
9780191833847
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198791379.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

This study examines the relationship between output and flows of labor at seasonal frequencies using spectral analysis. The data are 9 years of monthly information on these quantities on each of a ... More


Labor Demand and the Source of Adjustment Costs

Daniel S. Hamermesh

in Demand for Labor: The Neglected Side of the Market

Published in print:
2017
Published Online:
March 2017
ISBN:
9780198791379
eISBN:
9780191833847
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198791379.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics

A dynamic-programming model with quadratic adjustment costs generates an estimate of the lower bound on the fraction of adjustment costs that are gross costs. A model with lumpy costs of adjustment ... More


Turnover and the Dynamics of Labor Demand

Daniel S. Hamermesh

in Demand for Labor: The Neglected Side of the Market

Published in print:
2017
Published Online:
March 2017
ISBN:
9780198791379
eISBN:
9780191833847
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198791379.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

The theory of the dynamics of labor demand is based either on the costs of adjusting the level of employment or on the costs of hiring or firing (of gross changes in employment). We write down a ... More


Job Tenure and Job Turnover

Giulia Faggio, Paul Gregg, and Jonathan Wadsworth

in The Labour Market in Winter: The State of Working Britain

Published in print:
2011
Published Online:
April 2015
ISBN:
9780199587377
eISBN:
9780191808647
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199587377.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter focuses on job tenure and job turnover in the UK. It considers job tenure and job turnover as possible measures of job stability, and examines the issue of job stability among different ... More


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