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Empirical evidence on the cost of adjustment and dynamic labour demand / by Robert A. Amano.FB3-2/95-3E

The author uses a linear-quadratic model and attempts to estimate the relative adjustment costs of labour demand as well as its rate of adjustment towards long-run equilibrium. In contrast to others who have examined the dynamic behaviour of labour demand, the author estimates the structural parameters using the Euler equation and employs a limited-information approach that does not require an explicit solution for the model's control variables in terms of the forcing processes.--Abstract

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Publication information
Department/Agency
  • Bank of Canada.
TitleEmpirical evidence on the cost of adjustment and dynamic labour demand / by Robert A. Amano.
Series title
  • Working paper 1192-5434 95-3
Publication typeMonograph - View Master Record
Language[English]
FormatPhysical text
Other formatsDigital text-[English]
Note(s)
  • "The author uses a linear-quadratic model and attempts to estimate the relative adjustment costs of labour demand as well as its rate of adjustment towards long-run equilibrium. In contrast to others who have examined the dynamic behaviour of labour demand, the author estimates the structural parameters using the Euler equation and employs a limited-information approach that does not require an explicit solution for the model's control variables in terms of the forcing processes."--Abstract.
  • Résumés en français
Publishing information
  • Ottawa - Ontario : Bank of Canada 1995.
BindingSoftcover
Description29p. : graphs, references, tables ; 28 cm.
ISBN0-662-23484-7
ISSN1192-5434
Catalogue number
  • FB3-2/95-3E
Subject terms
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