Labor's Liquidity Service and Firing Costs /
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 adjustment tool that allows firms to increase their short-term liquidity. I...
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| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2007.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2007/120 |
| Online Zugang: | Full text available on IMF |