Dynamic collective bargaining and labor adjustment costs
نویسندگان
چکیده
منابع مشابه
Labor Adjustment Costs and Capital Structure Decisions
This paper investigates how the costs associated with dismissing employees impact a firm’s capital structure decisions. I hypothesize that increases in these labor adjustment costs reduce a firm’s optimal amount of debt financing by lowering expected profitability and raising financial distress costs and operating leverage. To test this hypothesis, I adopt a difference-in-differences research d...
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Since the passage of the National Labor Relations Act in 1935, collective bargaining has been the primary means by which U.S. workers can collectively negotiate terms and conditions of employment with their employer. Currently, more than 100,000 contracts are in effect, covering approximately 9 million workers and their employers in the private sector. (An additional 8 million workers are cover...
متن کاملThe Long-Run Demand for Labor and Adjustment Costs
In practice, it takes time—sometimes several years—for firms to increase their capital stocks (by investing in new plant and equipment) or reduce them (by selling off their capital at auction or not replacing it as it depreciates). Given that capital is such an important element of the production process, it is essential that economists understand the firm’s behavior both during the period when...
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ژورنال
عنوان ژورنال: Journal of Economics
سال: 2018
ISSN: 0931-8658,1617-7134
DOI: 10.1007/s00712-018-0615-3