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Labor's Liquidity Service and Firing Costs

Labor's Liquidity Service and Firing Costs »

Volume/Issue: 2007/120

Series: IMF Working Papers

Author(s): Herman Bennett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

DOI: http://dx.doi.org/10.5089/9781451866841.001

ISBN: 9781451866841

Keywords: Firing Costs, Financial Restrictions, Liquidity Constraints, Labor&;amp;#x2019;s Liquidity Service, Empirical Evidence, equation, employment, correlation, standard errors,

This paper proposes a new effect of firing costs on firms' behavior that builds from firms' demand for liquidity. When a time gap exists between production and its associated revenues, firing can become a liquidity...

Labor's Liquidity Service and Firing Costs1

Labor's Liquidity Service and Firing Costs1 »

Source: Labor's Liquidity Service and Firing Costs

Volume/Issue: 2007/120

Series: IMF Working Papers

Author(s): Herman Bennett

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

ISBN: 9781451866841

Keywords: Firing Costs, Financial Restrictions, Liquidity Constraints, Labor&;amp;#x2019;s Liquidity Service, Empirical Evidence, equation, employment, correlation, standard errors,

This paper proposes a new effect of firing costs on firms' behavior that builds from firms' demand for liquidity. When a time gap exists between production and its associated revenues, firing can become a liquidity...