| Does North American Labor Demand Adjustment Differ From That in Britain? Contributor(s): Penny Hill Press Inc (Editor), Federal Trade Commission (Author) |
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ISBN: 1523438800 ISBN-13: 9781523438808 Publisher: Createspace Independent Publishing Platform OUR PRICE: $12.30 Product Type: Paperback - Other Formats Published: January 2016 |
| Additional Information |
| BISAC Categories: - Business & Economics | Industries - Manufacturing |
| Physical Information: 0.08" H x 8.5" W x 11.02" (0.26 lbs) 40 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |