Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21251 
Year of Publication: 
2001
Series/Report no.: 
IZA Discussion Papers No. 391
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
This paper examines the pattern of employment adjustment in Portugal. First, the issue is addressed using a long time series of aggregate data. Although the employment data show persistence, there is nonetheless a fairly rapid rate of employment adjustment. Second, a much shorter time series of firm data is used to check the persistence detected at aggregate level, and also to examine the contribution of atypical work over the cycle. Consistent with the aggregate evidence, and despite stronger employment inertia, there is no suggestion in the firm panel that labour demand is cyclically unstable.
Subjects: 
Employment adjustment
employment protection
labor demand
errorcorrection model
panel estimation
JEL: 
J32
J23
C23
C22
Document Type: 
Working Paper

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