Charles Explorer logo
🇬🇧

Firm-level labour demand : adjustment in good times and during the crisis

Publication

Abstract

Using a large panel of Czech manufacturing firms with 50 or more employees, we update the firm-level labour demand elasticity estimates for 2002-2009. The economic crisis of 2008-2009 provides a source of variation needed for getting estimates that cover not only times of growth, but also a period of economic contraction.