Employment Adjustment in Portugal: Evidence from Aggregate and Firm Data

No 391, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper examines the pattern of employment adjustment in Portugal. First, the issue is addressed using a long time series of aggregate data. Although the employment data show persistence, there is nonetheless a fairly rapid rate of employment adjustment. Second, a much shorter time series of firm data is used to check the persistence detected at aggregate level, and also to examine the contribution of atypical work over the cycle. Consistent with the aggregate evidence, and despite stronger employment inertia, there is no suggestion in the firm panel that labour demand is cyclically unstable.

Keywords: labor demand; employment protection; Employment adjustment; error-correction model; panel estimation (search for similar items in EconPapers)
JEL-codes: C22 C23 J23 J32 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2001-11
New Economics Papers: this item is included in nep-eec, nep-lab and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published - published in: International Economics and Economic Policy, 2005, 1 (4), 329-348

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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp391

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