Matches in SemOpenAlex for { <https://semopenalex.org/work/W1487338067> ?p ?o ?g. }
- W1487338067 abstract "We analyze how firms adjust their labor in response to idiosyncratic shifts in their production function and demand curves using a unique data-set of Swedish manufacturing firms. We show that permanent shocks to firm-level demand is a main driving force behind both job and worker reallocation. In contrast, shocks to physical productivity and temporary demand shocks have a very limited impact on firm-level employment despite being important determinants of other firm-level fundamentals. We also present evidence suggesting that the adjustment to permanent demand shocks is fairly unconstrained. Most notably, firms primarly downsize through increased separations of both short- and long-tenured workers even when they could have adjusted their employment through reduced hires." @default.
- W1487338067 created "2016-06-24" @default.
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- W1487338067 date "2014-12-02" @default.
- W1487338067 modified "2023-09-22" @default.
- W1487338067 title "Firm-level shocks and labor adjustments" @default.
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- W1487338067 hasPublicationYear "2014" @default.
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