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| Tekijä: | Burgess, S. M. |
| Otsikko: | Employment adjustment in UK manufacturing. |
| Lehti: | Economic Journal
1988 : MAR, VOL. 98:389, p. 81-103 |
| Asiasana: | ECONOMIC THEORY LABOUR COSTS MANUFACTURING INDUSTRY UNITED KINGDOM TRADE UNIONS EMPLOYMENT PROTECTION |
| Kieli: | eng |
| Tiivistelmä: | Dynamic models of labor demand are theoretically analyzed regarding the firm's adjustment costs. In several recent studies of labor demand these costs have been assumed constant over a longer period in which important employment-related changes have been taking place (legislation, unionization etc.). The adjustment cost hypothesis is tested using a lot of time series. The effects of changes in the environmental conditions are identified with a view to the optimal adjustment path of employment. Some conclusions are drawn. |
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