Dynamic Labor Demand and Adjustment Costs

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Table of Contents

Pt. I Size and Structure of Adjustment Costs
1 Labor As A Quasi-Fixed Factor 3
Pt. II Dynamic Theories of Labor Demand
2 The Relationship Between Output and Employment in British Manufacturing Industries 23
3 Labor and Output Over the Business Cycle: Some Direct Evidence 53
4 Labor Demand and the Structure of Adjustment Costs 71
5 Intertemporal Rules With Variable Speed of Adjustment: An Application to UK Manufacturing Employment 87
6 Estimation of Dynamic Labor Demand Schedules under Rational Expectations 106
Pt. III Dynamic Analysis of Interrelated Factor Demand
7 Interrelated Factor Demand Functions 145
8 Interrelated Demand for Factors of Production in the UK Engineering Industry, 1968-81 160
9 Inventories, Layoffs, and the Short-Run Demand for Labor 180
10 The Dynamic Demand for Capital and Labor 199
Pt. IV Dynamic Factor Demand and Employment Protection
11 The Demand for Workers and Hours and the Effects of Job Security Policies: Theory and Evidence 231
12 Employment Adjustment in UK Manufacturing 257
13 Job Security and Work Force Adjustment: How Different Are US and Japanese Practices? 280
14 Job Security, Employment and Wages' with 'Comments' by Jacques Mairesse and Dennis J. Snower 302
Name Index 339
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