Adjustment Costs

Adjustment Costs

The costs associated with making any changes. For example, one must consider adjustment costs for hiring a new employee, or the costs of lost production in the event of layoffs. All companies have adjustment costs, especially when they seek to achieve greater efficiency.
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4) Alternatively, the robust advance in labor productivity could reflect broader macroeconomic factors such as normal cyclical dynamics, a decline in adjustment costs after 2000 as investment spending dropped back, greater-than-usual business caution in hiring and investment, or increased competitive pressures on firms to restructure, cut costs, raise profits, and boost productivity.
43 in adjustment costs and expenses incurred in connection with each covered claim under their insurance policies, $226,638 in attorneys' fees, and prejudgment interest from September 11, 2001 to the date of entry of judgment.
94 million in pension adjustment costs in the 2016 span, earnings were up 27.
She added: "The Government's proposed bills on trade, customs and immigration must minimise adjustment costs and maximise opportunities.
A third phase would address market access issues, covering tariff phase-out, rules of origin and non-tariff barriers, with a goal of reaching zero tariffs for all products and relationships in a time frame short enough to make a difference in the current challenging environment and avoid going through different political cycles but not too short to risk avoidable adjustment costs.
Others--including The Economist-read it as dealing with adjustment costs, not as a statement that trade brings no net benefits.
This article's main contribution therefore lies in estimating the adjustment costs that households face in the trade of consumer durables, using those cross-sectional moments.
It would have cost unions dearly in both adjustment costs and lost memberships due to people falling through the gaps in the move to the new system.
These adjustment costs might overwhelm the gains from trade.
The result found shows that, for the period analyzed, Brazilian banks exhibited high capital adjustment costs, with no great variations in capital between periods.
In the case when productivity growth is lower in sector 1 (black line), the optimal inflation rate is decreasing in sector 1's price-adjustment costs: When sector 1's adjustment costs are low ([[theta].
The information regarding price adjustment costs is unattainable because not all these costs can be observed in reality or are measurable.