Financing constraints and fixed-term employment contracts

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• dc.contributor.author Caggese, Andreaca
• dc.contributor.author Cuñat, Vicenteca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T10:50:23Z
• dc.date.available 2017-07-26T10:50:23Z
• dc.date.issued 2006-06-01
• dc.date.modified 2017-07-23T02:10:59Z
• dc.description.abstract This paper studies the interactions between financing constraints and the employment decisions of firms when both fixed-term and permanent employment contracts are available. We first develop a dynamic model that shows the effects of financing constraints and firing costs on employment decisions. Once calibrated, the model shows that financially constrained firms tend to use more intensely fixed term workers, and to make them absorb a larger fraction of the total employment volatility than financially unconstrained firms do. We test and confirm the predictions of the model on a unique panel data of Italian manufacturing firms with detailed information about the type of workers employed by the firms and about firm financing constraints.
• dc.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1010
• dc.identifier.uri http://hdl.handle.net/10230/350
• dc.language.iso eng
• dc.relation.ispartofseries Economics and Business Working Papers Series; 1010
• dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• dc.subject.keyword finacing constraints
• dc.subject.keyword employment
• dc.subject.keyword fixed-term contracts
• dc.subject.keyword Finance and Accounting
• dc.title Financing constraints and fixed-term employment contractsca
• dc.type info:eu-repo/semantics/workingPaper