search query: @author Sembenelli, A. / total: 7
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| Author: | Jaramillo, F. Schiantarelli, F. Sembenelli, A. |
| Title: | Are adjustment costs for labour asymmetric? An econometric test on panel data for Italy |
| Journal: | Review of Economics and Statistics
1993 : NOV, VOL. 75:4, p. 640-648 |
| Index terms: | ADJUSTMENT COSTS PANEL DATA ITALY |
| Language: | eng |
| Abstract: | In this paper the authors analyze the structure of adjustment costs for labour. In particular, the question whether hiring and firing costs are asymmetric is addressed. The authors maintain the standard assumption of quadratic adjustment costs, but allow the multiplicative coefficient to differ for the firing and hiring regime. The Euler equations for this problem can be combined into a general model that nests the one with symmetric adjustment costs. |
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