Citation

Discussion Paper Details

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Title: Labour Turnover Costs and Average Labour Demand

Author(s): Giuseppe Bertola

Publication Date: December 1991

Keyword(s): Job Security, Labour Contracts and Turnover Costs

Programme Area(s): Human Resources

Abstract: The effect of labour turnover costs on average employment in a partial equilibrium model of labour demand, depends on the form of the revenue function, on the rates of discount and labour attrition, and on the relative size of hiring and firing costs. If discount and attrition rates are strictly positive, firing costs may well increase average employment even when hiring costs reduce it.

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Bibliographic Reference

Bertola, G. 1991. 'Labour Turnover Costs and Average Labour Demand'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=601