Chapter 9 Dynamic models of labour demand

@inproceedings{Nickell1986Chapter9D,
  title={Chapter 9 Dynamic models of labour demand},
  author={Stephen J. Nickell},
  year={1986}
}
Publisher Summary The chapter presents a discussion on the dynamic models of labor demand. A firm does not hire its workforce afresh each day for the reason that it is cheaper not to do so. Hiring and firing generate costs for the firm over and above the weekly wage payment. As it is discussed, these costs ensure that the firm's demand for labor depends not only on current exogenous factors but also on the initial size of the workforce and expectations about the future levels of such factors… CONTINUE READING

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