Abstract
During the last thirty years, research in labour economics has known a spectacular development. Although the economists’ attention has mainly been focused on labour supply, the number of studies devoted to labour demand, with a special interest for its dynamic aspects, has particularly risen.1 Research has moved from basic partial adjustment models of employment to rather complex models encompassing dynamic and stochastic optimizing decisions about employment.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Abowd J. M and Kramarz F. [1992]: A test of incentive and negotiation models using French panel data, paper presented at the Symposium on Labour Demand and Equilibrium Wage Formation, Amsterdam, January.
Arellano M. and Bond S. [1991]: Some tests of specification for panel data: a Monte Carlo evidence and an application to employment equations, Review of Economic Studies, 58, 277–297.
Bar-Ilan A., Silem A. and A. Zanello [1992]: Time to build and capacity choice, Mimeo.
Bentolila S. and Bertola G. [1990]: Firing costs and labour demand: How bad is Eurosclerosis?, Review of Economic Studies, 57, 381–402.
Bentolila S. and Saint-Paul G. [1994]: A model of labor demand with linear adjustment costs, Labour Economics, 1, 303–326.
Bertola G. [1989]: Job security, employment and wages, Paper presented at the ISOM XII Conference, Paris, June 19–20.
Bertola G. and Caballero R. [1990]: Kinked adjustment costs and aggregate dynamics, in NBER Macroeconomics Annual 1990, O.J. Blanchard and S. Fisher, Eds. MIT Press, Cambridge, Mass. 237–295.
Bresson G., Kramarz F. and Sevestre P. [1991]: Labour demand with heterogeneous workers and non linear asymmetric adjustment costs, Miméo. INSEE, paper presented at the Third EALE Conference, Madrid.
Bresson G., Kramarz F. and Sevestre P. [1992]: Heterogeneous labour and the dynamics of aggregate labour demand: some estimations using panel data, Empirical Economics, 17–1, 153–168.
Broze L., Gourieroux C. and Szafarz A. [1985]: Solutions of linear rational expectations models, Econometric Theory, 1, 341–368.
Burgess S. M and Dolado J. J [1989]: Intertemporal rules with variable speed of adjustment: an application to U.K manufacturing employment, The Economic Journal, 99, 347–365.
Burgess S. M and Nickell S. [1990]: Turnover in U.K manufacturing, Economica, 55, 295–318.
Caballero R. and Engel E. [1991]: Dynamic (s, S) economies, Econometrica, 59, 1659–1686.
Caballero R. and Engel E. [1992]: Beyond the partial adjustment model, American Economic Review, 82, 360–364.
Caballero R., Engel E. and J. Haltiwanger [1994]: Aggregate employment dynamics: building from microeconomic evidence, Mimeo.
Caplin A. and Krishna K. [1986]: A simple dynamic model of employment, Mimeo. Harvard University.
Caplin A. and Spulber D. [1987]: Menu costs and the neutrality of money, Quarterly Journal of Economics, 102, 703–726.
Card D. [1986]: Efficient contracts with costly adjustments: short run employment determination for airline mechanics, American Economic Review, 76, 1045–1071.
Card D. [1990]: Unexpected inflation, real wages and employment determination in union contracts, American Economic Review, 80, 669–688.
Christofides N. L. and Oswald A. J. [1991]: Efficient and inefficient employment outcomes: a study based on Canadian contract data, NBER Working paper 3648.
Davis S. and J. Haltiwanger [1990]: Gross job creation and destruction: microeconomic evidence and macroeconomic implications, in NBER Macroeconomics Annual 1990, O.J. Blanchard and S. Fisher, Eds. MIT Press, Cambridge, Mass. 123–186.
Dormont B. [1989]: Employment in disequilibrium: a disaggregated approach on a panel of French firms, Recherches Economique de Louvain, 55, No. 1.
Dormont B. and Sevestre P. [1986]: Modéles dynamiques de demande de travail: spécification et estimation sur données de panel, Revue Economique, 37, No. 3.
Eisner R. and Strotz R. [1963]: Determinants of business investment, in Impacts of Monetary Policy, Englewood Cliffs, New York.
Ekeland I. and Scheinkman J. A. [1986]: Transversality conditions for some infinite horizon discrete time optimization problems, Mathematics of Operations Research, 11, 216–229.
Escribano A. and Pfann G. A. [1990]: Non linear error correction, asymmetric adjust- ment and cointegration, Discussion paper No. 5, University Carlos III, Madrid.
Gavin M. K. [1986]: Labour market rigidities and unemployment. The case of severance costs, International Finance discussion Paper, No. 184, Washington, D.C.
Gourieroux C., Laffont J-J. and Monfort A. [1982]: Rational expectations in dynamic linear models, Econometrica, 50, 409–425.
Hamermesh D. [1969]: A disaggregative econometric model of gross changes in emplyment, Yale Economic Essays, 9, 107–145.
Hamermesh D. [1989]: Labor demand and the structure of adjustment costs, American Economic Review, 79, 674–689.
Hamermesh D. [1990]: Aggregate employment dynamics and lumpy adjustment costs, NBER Working Paper No. 3229.
Hamermesh D. [1992a]: Spatial and temporal aggregation and the dynamics of labour demand, paper presented at the Symposium on Labour Demand and Equilibrium Wage Formation, Amsterdam, January.
Hamermesh D. [1992b]: A general model of dynamic labor demand, Review of Economics and Statistics, 733–737.
Hamermesh D. [1993a]: Labour demand and the source of adjustment costs, NBER Working paper 4394.
Hamermesh D. [1993b]: Labour Demand, Princeton University Press.
Hamermesh D., Hassink W. and G. Van Ours [1994]: Job turnover and labor turnover: a taxonomy of employment dynamics, Mimeo University of Amsterdam.
Hansen L. P. and Singleton K. J. [1982]: Generalized instrumental variables estimation of nonlinear rational expectations models, Econometrica, 50 (5), 1269–1286.
Holt C., Modigliani F., Muth J. and Simon H. [1960]: Planning Production, Inventories and Workforce, Prentice-Hall, Englewood Cliffs, New York.
Jaramillo F., Schiantarelli F. and Sembenelli A. [1992]: Are adjustment costs for labour asymmetric? An econometric test on panel data for Italy, paper presented at the Symposium on Labour Demand and Equilibrium Wage Formation, Amsterdam, January.
Kollintzas T. [1985]: The Symmetric Linear Rational Expectations Model, Econometrica, 53 (4), 963–976.
Kramarz F. [1991]: Adjustment costs and speed of adjustment, Mimeo. INSEE.
Lockwood B. and Manning A. [1993]: The importance of linear hiring and firing costs: some evidence from UK manufacturing, in Labour Demand and Equilibrium Wage Formation, edited by J.C. Van Ours, G.A. Pfann and G. Ridder North-Holland.
Machin S., Manning A. and Meghir C. [1993]: Dynamic models of employment based on firm level panel data, in Labour Demand and Equilibrium Wage Formation, edited by J.C. Van Ours, G.A Pfann and G. Ridder North-Holland.
Meghir C., Ryan A. and J. Van Reenen [1994]: Job creation, technological innovation and adjustment costs: evidence from a panel of British firms Mimeo.
Michel Ph. [1990]: Some clarifications on the transversality conditions, Econometrica, 58, 3, 705–724.
Nickell S. [1978]: Fixed costs, employment and labour demand over the cycle, Economica, 45, 329–345.
Nickell S. [1984]: An Investigation of the Determinants of Manufacturing Employment in the United Kingdom, Review of Economic Studies, vol. LI(4), No. 167, 529–558.
Nickell S. [1986]: Dynamic Models of Labour Demand, in Handbook of Labour Economics, Volume I, Edited by Ashenfelter.O and Layard. R, Elsevier Science Publishers, 473–522.
Nickell S. and Wadwhani S. B. [1987]: Financial factors, efficiency wages and employment: investigations using UK micro data, working paper n°993, Centre for Labour Economics.
Oi W. Y. [1962]: Labour as a Quasi-Fixed Factor, Journal of Political Economy, vol. LXX, December, No. 6, 538–555.
Pfann G. A. and Palm F. C. [1988]: Asymmetric adjustment costs in non-linear labour demand models for the Netherlands and UK, Review of Economic Studies, vol. 59.
Pfann G A. and Verspagen B. [1989]: The structure of adjustment costs for labour in the Dutch manufacturing sector, Economic Letters, 29, 365–371.
Rahiala M. and Teräsvirta T. [1989]: Labour hoarding over the business cycle: testing the quadratic adjustment cost hypothesis, Paper presented at the European Meeting of The Econometric Society, Munich, Sept. 4–8.
Ross D. R. and Zimmermann K. F. [1987]: Estimating a microeconometric model of labor demand with categorial indicators, Working paper, University of Mannheim.
Santos M. S. [1990]: Smoothness of the policy function in discrete time economic models, Discussion Paper, University of Barcelona.
Santos M. S. [1991]: Notes on dynamic programming in models of economic growth, Discussion Paper, UCLA.
Sargent T. J. [1979]: Macroeconomic Theory, Academic Press.
Stokey N. L. and Lucas R. E. [1989]: Recursive Methods in Economic Dynamics, Harvard University Press.
Summers L.H. [1981]: Taxation and Corporate Investment: A Q-Theory Approach Brookings Papers On Economic Activity, N. 1.
Van Leeuwen G., Hommes G. H. and Van Der Loeff S. S. [1988]: Employment equations for dutch manufacturing estimated from panel data 1978–1984, Paper presented at The Conference on Microeconometric Investigation of Firm Behavior, University of Essex.
Wedervang F. [1965]: Development of a Population of Industrial Firms: The Structure of Manufacturing Industries in Norway, 1930–1948, Universitetsforlaget, Oslo.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1996 Kluwer Academic Publishers
About this chapter
Cite this chapter
Bresson, G., Kramarz, F., Sevestre, P. (1996). Dynamic Labour Demand Models. In: Mátyás, L., Sevestre, P. (eds) The Econometrics of Panel Data. Advanced Studies in Theoretical and Applied Econometrics, vol 33. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-0137-7_26
Download citation
DOI: https://doi.org/10.1007/978-94-009-0137-7_26
Publisher Name: Springer, Dordrecht
Print ISBN: 978-0-7923-3787-4
Online ISBN: 978-94-009-0137-7
eBook Packages: Springer Book Archive