Construct · 1 fields · 1 citations

labor hoarding: a standalone construct

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Labor economics

firms keeping more workers than current output needs during downturns, which makes measured labor productivity move with the business cycle.

In labor economics, labor hoarding refers to firms keeping more workers than current output needs during downturns, which makes measured labor productivity move with the business cycle. This meaning comes from Biddle (2014) in Journal of Economic Perspectives.[1]

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Nearby constructs

business1 fields · 1 citationsanchor · a standalone construct current3 fields · 6 citationsjingle · one word, three constructs cycle4 fields · 4 citationsjingle · one word, four constructs

References

Biddle, J. E. (2014). Retrospectives: The Cyclical Behavior of Labor Productivity and the Emergence of the Labor Hoarding Concept. Journal of Economic Perspectives, 28(2), 197-212. https://doi.org/10.1257/jep.28.2.197

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