search query: @author Caballero, R. / total: 5
reference: 2 / 5
| Author: | Caballero, R. Engel, E. Haltiwanger, J. |
| Title: | Aggregate employment dynamics: building from microeconomic evidence |
| Journal: | American Economic Review
1997 : MAR, VOL. 87:1, p. 115-137 |
| Index terms: | ECONOMICS EMPLOYMENT MICROECONOMICS |
| Language: | eng |
| Abstract: | This paper studies quarterly employment flows of approximately 10,000 U.S. manufacturing establishments. The authors use establishments' hours-week to construct measures of the deviation between desired and actual employment and use these as the establishments' main state variables. The main findings are: (1) microeconomic adjustment functions are nonlinear, with plants adjusting disproportionately to large shortages; (2) adjustments are often either large or nil, suggesting the presence of non-convexities in the adjustment cost technologies. |
SCIMA