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Does North American Labor Demand Adjustment Differ From That in Britain?

Does North American Labor Demand Adjustment Differ From That in Britain?

Paperback

Business General

ISBN10: 1523438800
ISBN13: 9781523438808
Publisher: Createspace
Published: Jan 17 2016
Pages: 40
Weight: 0.26
Height: 0.08 Width: 8.50 Depth: 11.02
Language: English
This book examines the degree of employment and hours per worker adjustment among comparable British, Canadian, and U.S. manufacturing industries. The standard adjustment cost model of dynamic labor demand, assuming nonmyopic firm expectations of the forcing variables, serves as the empirical framework. The results indicate that the estimated speeds of employment adjustment and average hours worked adjustment among British manufacturing industries resemble those of North American manufacturing industries. In addition to the analysis of comparative adjustment behavior, empirical results are also presented regarding the effect of the real wage rate on short-run labor demand.

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Business General