From: Employment adjustment in German firmsBetriebliche Beschäftigungsanpassung in Deutschland
Model | Data | Specification of the adjustment costs | Adjustment coefficient (α 1) | Wage elasticity (short-/long-term) | Turnover elasticity (short-/long-term)a |
---|---|---|---|---|---|
Table 2 | Western Germany; 1996–2010 | convex and symmetric | 0.675 | −0.09/−0.27 | 0.03/0.10 |
Eastern Germany; 1996–2010 | convex and symmetric | 0.660 | −0.08/−0.23 | 0.02/0.07 | |
Table 3 | Western Germany; 1996–2010 | convex and asymmetric | 0.653b | −0.05/−0.15b | (0.04/0.12)b |
0.728c | −0.05/-0.20c | (0.01/0.04)c | |||
Eastern Germany; 1996–2010 | convex and asymmetric | 0.674b | −0.01/−0.04b | (0.03/0.11)b | |
0.754c | −0.06/−0.34c | (0.01/0.03)c | |||
Table 4 | Western Germany; 1996–2010 | fix, convex and asymmetric | 0.725b | −0.05/−0.19b | (0.02/0.06)b |
0.787c | −0.09/−0.43c | (−0.01/−0.02)c | |||
Eastern Germany; 1996–2010 | fix, convex and asymmetric | 0.675b | −0.03/–0.12b | (0.02/0.09)b | |
0.749c | −0.10/−0.76c | (0.02/0.14)c |