During economic booms 

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memo228.pdf
... during an economic boom, firms can increase output without hiring new workers. such behaviour can be explained if firms face fixed costs in hiring and firing. consequently, workers probably increase hourly effort during economic booms ... capacity utilization is clearly a cyclical phenomenon it rises during economic booms and declines during recessions. the figure indicates that capital utilization is ...
cpb.nl

cpb book labour market flexibility netherlands 0 pdf
... workers, and will have fewer opportunities to adjust the size of their workforce in booms and busts. moreover, there will be more screening for flexible jobs, where these jobs ... hamper employment in new economic activities. public policy aimed at productivity growth focuses on monitoring of labour productivity, the acquisition of skills and knowledge during permanent employment in the different ...
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