How cyclical is the user cost of labor? (Record no. 527086)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01063nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240802b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Kudlyak, Marianna |
| 245 ## - TITLE STATEMENT | |
| Title | How cyclical is the user cost of labor? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | The Journal of Economic Perspectives |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 38(2), Spring, 2024: p.159-180 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is substantially more pro-cyclical than the new-hire wage or the average wage. The strong procyclicality of the price of labor calls for other forces for cyclical labor demand to explain employment fluctuations.- Reproduced https://www.aeaweb.org/articles?id=10.1257/jep.38.2.159 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | The Journal of Economic Perspectives |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | LABOUR |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-08-02 | 38(2), Spring, 2024: p.159-180 | AR132550 | 2024-08-02 | Articles |