Abstract
This article discusses some recent research which aims at
producing evidence on how firms adjust their employment in
response to output shocks using micro-level data and with a
particular focus on the relationship between worker and job flows.
The evidence presented is mainly based on Danish data, but a brief
discussion of cross-country differences and similarities in firmlevel
labor adjustment is also provided. For Denmark, remarkable
long-term stability in firms’ labor adjustment technologies is
observed and the cross-country comparisons reveal striking
similarities between countries with very diverse labor market
institutions.
producing evidence on how firms adjust their employment in
response to output shocks using micro-level data and with a
particular focus on the relationship between worker and job flows.
The evidence presented is mainly based on Danish data, but a brief
discussion of cross-country differences and similarities in firmlevel
labor adjustment is also provided. For Denmark, remarkable
long-term stability in firms’ labor adjustment technologies is
observed and the cross-country comparisons reveal striking
similarities between countries with very diverse labor market
institutions.
| Original language | English |
|---|---|
| Journal | Finnish Economic Papers |
| Volume | 26 |
| Issue | 1 |
| Pages (from-to) | 25-35 |
| Number of pages | 12 |
| ISSN | 0784-5197 |
| Publication status | Published - 2013 |