Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/79696
Authors: 
Jung, Sven
Year of Publication: 
2013
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Firm Behavior E12-V3
Abstract: 
Using a representative establishment data set for Germany, we show that, in line with the existing literature for several countries, fi rms' adjustment costs for employment are characterized by a fixed and convex functional form. Furthermore, they are asymmetric with dismissal costs exceeding hiring costs. An analysis of firms' adjustment in the period 1996-2010 also indicates that adjustment behavior has changed over time. Comparing the employment adjustment in the two observed business cycles comprising the years 1996-2003 and 2004-2010, we fi nd that the adjustment speed was higher in the second business cycle indicating that adjustment costs have fallen in recent years.
JEL: 
D22
E24
J23
Document Type: 
Conference Paper

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